Airports of Thailand Release Q3 FY2023 Financial Report
August 16, 2023
🌥️Earnings Overview
AIRPORTS OF THAILAND ($SGX:TATD) revealed their financial report for the third quarter of FY2023 ending June 30 2023. They had total revenue of THB 12954.3 million, which was an increase of 177.6% compared to the same quarter of the previous year. Net income was also significantly higher from -2207.2 million to THB 3155.6 million.
Stock Price
On Friday, Airports of Thailand, one of the leading airport operators in Southeast Asia, released their financial report for the third quarter of fiscal year 2023. The company’s stock opened at SG$2.7 and closed at the same price, down by 0.7% from the previous closing price of 2.7.
However, Airports of Thailand still managed to remain profitable, despite the challenging global economic climate. The company also reported lower operating expenses and higher asset turnover rates than in the previous quarter. The company is optimistic about the remainder of the fiscal year and will continue to strive to maintain a healthy financial position despite the global economic uncertainty. Investors and analysts are encouraged by the results, expecting a strong performance from Airports of Thailand in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TATD. More…
| Total Revenues | Net Income | Net Margin |
| 39.33k | 4.03k | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TATD. More…
| Operations | Investing | Financing |
| 14.58k | -11.02k | -4.13k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TATD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 189.66k | 81.28k | 7.47 |
Key Ratios Snapshot
Some of the financial key ratios for TATD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.0% | -13.8% | 20.6% |
| FCF Margin | ROE | ROA |
| 9.0% | 4.8% | 2.7% |
Analysis
GoodWhale conducted an analysis of AIRPORTS OF THAILAND’s wellbeing. Through our Star Chart, we classified AIRPORTS OF THAILAND as an ‘elephant’, a type of company that is wealthy in assets after deducting liabilities. This means that AIRPORTS OF THAILAND may be an attractive choice for a range of investors. Our analysis also showed that AIRPORTS OF THAILAND has a medium health score of 6/10 with regard to its cashflows and debt, indicating that it may be able to safely ride out any crisis without the risk of bankruptcy. In terms of its performance metrics, AIRPORTS OF THAILAND is strong in terms of asset and profitability, and weak in terms of dividend and growth. Therefore, investors should consider AIRPORTS OF THAILAND as an attractive option, but with caution. More…
Summary
Investors looking to invest in AIRPORTS OF THAILAND should be encouraged by the company’s strong financial performance for the third quarter of FY2023. Total revenue saw a 177.6% year-over-year increase to THB 12954.3 million, while net income improved from -2207.2 million to THB 3155.6 million. This signals a strong recovery for the company as it continues to benefit from increased demand for air travel and other services. As such, investors can remain confident that AIRPORTS OF THAILAND will continue to deliver positive returns in the coming years.
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