trending Market Intelligence /marketintelligence/en/news-insights/trending/yswyLscDwcr4EVjtfEGkSA2 content esgSubNav
In This List

Team Precision swings to loss in Q1

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Perspectivas América Latina – Supply Chain Sanctions, Shortages, and Impacts

Blog

SAS AB Tracking the early-warning signals of credit risk

Podcast

Next in Tech | Episode 76: Inflation and interest rates: Complexity abounds


Team Precision swings to loss in Q1

Team Precision PCL said its first-quarter normalized net income was a loss of 22.6 million baht, compared with income of 3.8 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 dropped to negative 10.2% from 1.0% in the year-earlier period.

Total revenue fell 43.9% on an annual basis to 222.0 million baht from 395.9 million baht, and total operating expenses declined 33.8% year over year to 257.6 million baht from 389.4 million baht.

Reported net income came to a loss of 35.9 million baht, or a loss of 6 satang per share, compared to income of 5.6 million baht, or 1 satang per share, in the prior-year period.

As of May 12, US$1 was equivalent to 35.33 baht.