Post by account_disabled on Dec 26, 2023 7:18:38 GMT
BTS Group Holdings Public Company Limited (BTS Group) has revealed that its financial results for fiscal year 2019/20 (April 2019 to March 2020) are impressive. Despite being affected by the outbreak of coronavirus disease 2019 (COVID-19) in the last quarter of the fiscal year. This year's net profit rose a remarkable 184% from the previous year, reaching 8.2 billion baht, while net profit after tax from recurring items hit a record high of 4.8 billion baht, growing 47% from the previous year. This is mainly due to better performance in the mass transit business. Advertising media business and real estate business Including the increased share of profits from associated companies.
Total income was 42.2 billion baht, with income from the mass transit system business being the main income. In the advertising media business There was strong operating performance, showing a new high in Telegram Number Data net profit of 1.4 billion baht, an increase of 29% from the previous year for the mass transit business. Our rail mass transit network under development continues to make great progress. In 2019/20, there was income from construction of the Pink and Yellow Line projects and income from services. Install system work and procure new electric trains under the concession contract for the southern and northern Green Line extension projects, amounting to 25.2 billion baht. Revenue from operating and maintenance (O&M) services for the year 2019/20 increased. Increased 65% YoY to 3.8 billion baht, achieving the target of 3.4 billion baht.
The main factor came from the opening of the entire Southern Green Line extension project in December 2018, including the gradual opening of 5 stations. The first station of the Northern Green Line extension project in 2019. In addition, we also aim to open a trial service of the said project at another 4 stations, up to Wat Phra Si Mahathat Station. in June 2020 and expects to open the remaining stations by the end of 2020. We expect that the opening of new stations will It will be the main supporting factor for O&M revenue growth in the future for other transportation projects. Whether it is the U-Tapao International Airport project and the intercity special highway project.
Total income was 42.2 billion baht, with income from the mass transit system business being the main income. In the advertising media business There was strong operating performance, showing a new high in Telegram Number Data net profit of 1.4 billion baht, an increase of 29% from the previous year for the mass transit business. Our rail mass transit network under development continues to make great progress. In 2019/20, there was income from construction of the Pink and Yellow Line projects and income from services. Install system work and procure new electric trains under the concession contract for the southern and northern Green Line extension projects, amounting to 25.2 billion baht. Revenue from operating and maintenance (O&M) services for the year 2019/20 increased. Increased 65% YoY to 3.8 billion baht, achieving the target of 3.4 billion baht.
The main factor came from the opening of the entire Southern Green Line extension project in December 2018, including the gradual opening of 5 stations. The first station of the Northern Green Line extension project in 2019. In addition, we also aim to open a trial service of the said project at another 4 stations, up to Wat Phra Si Mahathat Station. in June 2020 and expects to open the remaining stations by the end of 2020. We expect that the opening of new stations will It will be the main supporting factor for O&M revenue growth in the future for other transportation projects. Whether it is the U-Tapao International Airport project and the intercity special highway project.
