AIRPORTS OF THAILAND Releases Positive Financial Results for Q1 FY2023
March 26, 2023
Earnings Overview
On February 10, 2023, Airports ($BER:TX3A) of Thailand released its financial results for the first quarter of FY2023 which ended on December 31, 2022. Total revenue was reported at THB 342.8 million, an impressive 108.0% increase compared to the same period in the previous year. Net income in the quarter rose 279.1% year-over-year to THB 8824.0 million.
Share Price
At the opening bell, the stock opened at €2.0 and closed at €2.0, which is only slightly down from the previous closing price of €2.0. This minor drop of 1.2% has not dampened investor confidence in the Thai airport authority. The positive financial results are a welcome boost for Thailand’s aviation sector, as the airports have seen an increase in passenger traffic over the past year. Furthermore, the airports have also implemented a number of cost-saving measures to ensure that operating expenses remain low, allowing them to achieve profitability.
The strong financial results released by AIRPORTS OF THAILAND are a sign of an overall improvement in the country’s economy, and investors are confident that the positive trend will continue in the coming quarters. The release of the Q1 FY2023 results is a great indicator of what is to come in the future. The outlook for Thailand’s aviation sector looks very promising and investors are likely to continue to benefit from the positive results being released by AIRPORTS OF THAILAND. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TX3A. More…
| Total Revenues | Net Income | Net Margin |
| 23.06k | -6.47k | -27.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TX3A. More…
| Operations | Investing | Financing |
| 5.92k | -7.51k | -1.23k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TX3A. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 183.23k | 80.32k | 7.12 |
Key Ratios Snapshot
Some of the financial key ratios for TX3A are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -28.7% | -38.8% | -21.8% |
| FCF Margin | ROE | ROA |
| -15.7% | -3.1% | -1.7% |
Analysis
GoodWhale has conducted an analysis of AIRPORTS OF THAILAND’s fundamentals and has determined that, based on our Star Chart, the company’s overall health rating is 6/10. This score reflects AIRPORTS OF THAILAND’s cashflows and debt, which we believe will allow the company to sustain future operations in times of crisis. We have also classified AIRPORTS OF THAILAND as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. With this in mind, investors interested in AIRPORTS OF THAILAND can expect strong profitability, medium-level assets and weak dividend and growth opportunities. It is therefore essential for potential investors to weigh up the advantages and disadvantages of investing in this particular company before making a decision. More…
Summary
AIRPORTS OF THAILAND reported strong financial results for the first quarter of FY2023, with total revenue up 108.0% and net income up 279.1%. This impressive growth was supported by robust customer demand for the company’s services. The company’s performance is expected to remain solid due to the continued strength in the Thai economy and demand for air transport services. Investing in AIRPORTS OF THAILAND could be a lucrative opportunity, with strong potential for capital appreciation and attractive dividends.
Related Posts
Recent Posts
