Italian-Thai Development Public Company Limited (SET: ITD) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Year | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
-155.62 | -1,104.45 |
| Earning Per Share (Baht) |
-0.03 | -0.21 |
| % Change | 85.91 | |
ITD reported a net loss of Baht 155 million in 2021, improved from a net loss of Baht 1,104 million in 2020.
In 2021 the Company’s revenues from construction work were Baht 50,586 million, an increase of Baht 4,397 million from the previous year mainly from the increase of revenues from subsidiaries and joint ventures. Meanwhile, revenues from sales and services were Baht 8,157 million, an increase of Baht 378 million from the previous year mainly from the increase of mining services.
In 2021 the company’s gross profit was Baht 5,015 million, an increase from the previous year for which the gross profit was Baht 4,144 million. While the company’s gross profit margin in 2021 was 8.52%, an increase from the previous year for which the gross profit margin was 7.68% mainly from the increase of the gross profit in oversea subsidiaries.
Gain on exchange rate was Baht 237 million, an increase of Baht 526 million from the previous year according to the gain on exchange rate from the company’s foreign assets. Meanwhile, gain from fair value measurement of investments was Baht 143 million, an increase Baht 143 million from the previous year according to the fair value measurement in invested companies.
