‘Sky ICT’ Records Nearly THB120 Million of Net Profit in 2Q23 as Travelling ‘APPS’ Boosts Revenue

Sky ICT Public Company Limited (SET: SKY) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q23 2Q22
Net Profit (Loss)
Million Baht
117.23 -17.04
Earning Per Share
(Baht)
0.1850 -0.0280
6 Months 2023 2022
Net Profit (Loss)
Million Baht
201.12 165.25
Earning Per Share (Baht) 0.3200 0.2680
% Change 21.70

SKY reported a net profit of 117 million baht in 2Q23, a significant gain from a net loss of 17 million baht in the same period of last year. The increase was mainly due to profit from the service of the Advance Passenger Processing System (APPS) and Passenger Name Record (PNR) project.

As a result, in the second quarter year 2023, the Company have profit from the service of the Advance Passenger Processing System (APPS) and Passenger Name Record (PNR) Project amount of 166.28 million baht which is recognized revenue based on actual number of passengers (inbound, outbound, change flight and transit).

The company had total revenue for the 3-month period ended 30 June 2023 amounted to  942.28 million baht, an increase of 137.88 million baht or 17.14% compared to the previous year with total revenue of 804.40 million baht.