Ticon net profit surges 171 % in 9 months
Industrial platform firm Ticon Industrial Connection Plc (Ticon) reported a net profit of Bt668 million for the first nine months of this year, up 171 per cent from the same period of last year, the company’s president Sopon Racharaksa said in press release yesterday.
He noted that the financial year-end of Ticon Group Company was changed from December 31 to September 30 to match the Frasers Property Ltd (FPL) operating framework.
Accordingly, the fiscal year 2018 will cover only nine months from January 1 to September 30, 2018. The comparative figures for the following fiscal year are for 12 months from October 1 to September 30. Based on a nine-month operating result this year, Ticon’s consolidated revenues totalled Bt3.81 billion, comprising Bt1.15 billion from rented factory and warehouses spaces, Bt2.21 billion from sales of quality assets to Ticon Freehold & Leasehold Real Estate Investment Trust (Treit), and Treit management fees of Bt227 million.
“We also expect continued growth in our fiscal year 2018/2019,” he said.
