Sky ICT Profit Drops 73% to THB40 Million in 2021

Sky ICT Public Company Limited (SET: SKY) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
40.610 149.779
Earning Per Share (Baht) 0.07 0.27
% Change -72.89


SKY reported a net profit of THB40 million in 2021, decreasing THB109.17 million or 72.89 percent from a net profit of THB149 million in 2020. This was a result of the company’s delivery of several projects during 2021, but there was a loss incurred from the project outsourcing services for the Advance Passenger Processing System (APPS) and Passenger Name Record (PNR).

Total revenue for the year ended 31st December 2021 amounted to THB3,001.02 million, a decrease of THB541.20 million or 15.28 percent compared to the same period of the previous year with total revenue of THB3,542.22. million. 

Revenue from System Integration Services, the amount of THB1,581.00 million, accounting for 52.68 percent of total revenue, a decrease of THB762.98 million baht or 32.55 percent compared to the previous year. This is mainly due to the fact that last year the company delivered the big project of Government Data Center and Cloud Service: GDCC by NT (formerly CAT).