Sino-Thai Engineering and Construction Public Company Limited (SET: STEC) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
129.51 | 138.30 |
| Earning Per Share (Baht) |
0.0800 | 0.0900 |
| % Change | -6.36 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
454.14 | 543.17 |
| Earning Per Share (Baht) | 0.30 | 0.36 |
| % Change | -16.39 | |
STEC reported a net profit of 130 million baht in 3Q23, decreased slightly by 6.36% from a net profit of 138 million baht in 3Q22.
The company recorded a slight increase in revenue by 6% during the third quarter of 2023, but was offset by rising expenses at nearly the same percentage. Meanwhile, the company also recorded a net loss of 54 million baht from share of loss from investment in associates, compared to a gain of 11 million baht in 3Q22.
