STEC Earnings Drop to THB153.64 Million in 2Q23

Sino-Thai Engineering & Construction Public Company Limited (SET: STEC) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q23 2Q22
Net Profit (Loss)
Million Baht
153.64 173.13
Earning Per Share
(Baht)
0.10 0.11
% Change -11.25
6 Months 2023 2022
Net Profit (Loss)
Million Baht
324.63 404.87
Earning Per Share (Baht) 0.21 0.27
% Change 19.82

In 2Q23, STEC reported a net profit of THB153.64 million, a decrease of 11.25% from a net profit of THB173.13 million in the same period last year.

Meanwhile, the net profit for the first six month ended June 30 was at THB324.63 million, a decrease of 19.82% from a net profit of THB404.87 million in the same period last year.