Bangkok--Feb 17--Thai Airways
Thai Airways International Public Company Limited announced its first quarter results for fiscal year 2005/06 (October to December 2005), whereby the net profit amounted to 3,810 million baht.
Mr. Somchainuk Engtrakul, THAI’s Member of the Board of Directors Acting as President, announced that for the first quarter of fiscal year 2005/06 (October to December 2005), THAI launched new destinations to Moscow in Russia and Islamabad in Pakistan, including the increase in flight frequencies to European, Australian and New Zealand routes. The total revenues from the sale of goods and the rendering of services amounted to 45,878 million baht, which is an increase of 2,815 million baht or 6.5 percent from the same period last year. THAI’s operating expenses totalled 40,586 million baht, which is an increase of 3,780 million baht or 10.3 percent due to the increase in production capacity and the 25.3 percent increase in fuel price resulting in an increase of 3,285 million baht or 29.3 percent in fuel expense from the same period last year.
Whereas personnel expense, marketing expense and other operating expense decreased from the same period last year. As a result, profit from the sale of goods and the rendering of services was 5,292 million baht, which is a decrease of 965 million baht or 15.4 percent from the same period last year. The gain of 1,384 million baht in foreign exchange was mostly due to a stronger Thai baht which reduced the Company’s outstanding foreign currency loans in baht terms. However, the gain was less than last year’s 2,055 million baht.
THAI’s net profit before tax for first quarter results for fiscal year 2005/06 was 5,452 million baht, which is a decrease of 2,720 million baht from the same period last year. Net profit was 3,810 million baht or is equivalent to 2.24 baht per share, which is a decrease from 5,717 million baht or 3.38 baht per share in the same period last year. End.