trending Market Intelligence /marketintelligence/en/news-insights/trending/qHbfCeDtHYXxIy7RRFVe4A2 content esgSubNav
In This List

Grande Asset Hotels & Property swings to loss in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Grande Asset Hotels & Property swings to loss in Q1

Grande Asset Hotels and Property Public Company Ltd said its normalized net income for the first quarter amounted to a loss of 12.4 million baht, compared with income of 312.8 million baht in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 3.8% from 14.1% in the year-earlier period.

Total revenue declined 85.2% year over year to 327.6 million baht from 2.22 billion baht, and total operating expenses declined 80.4% year over year to 324.6 million baht from 1.66 billion baht.

Reported net income totaled a loss of 21.1 million baht, or a loss of 1 satang per share, compared to income of 471.7 million baht, or 16 satang per share, in the prior-year period.

As of May 12, US$1 was equivalent to 33.74 baht.