MCOT Achieves Profitability in 6 Years, with Earnings of THB165 Million in 2021

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

Yearly 2021 2020
Net Profit (Loss)
Million Baht
165.244 (1,807.398)
Earning Per Share (Baht) 0.24 (2.63)
% Change 109


MCOT reported a net profit of THB165 million in 2021, increasing 109 percent from a net loss of THB1,807 million in 2020. MCOT is able to resume profitability after 2015 due to ongoing cost management. This has led to improvements of cost structure and a significant drop in the company’s expenses in 2021.

Meanwhile, 2021 operating results show revenue of THB1,584 million (inclusive of non-cash revenue, gain on fair value adjustment of investment properties of THB72 million). The expenses total THB1,384 million. Profitability is resumed once in 5 years.