Despite higher construction revenue, the STEC 2Q09 earnings declined 10% qoq to Bt43mn. This was due to an increase in SG&A expenses and lower dividend income. However, when compared yoy, the net profit surged 5x, given a margin recovery and lower interest payments. Construction revenue rose 0.6% yoy and 29% qoq to Bt3.42bn, while the gross margin widened slightly to 3.95% in 2Q09 from 3.81% last quar
Sino-Thai 2Q 2009 earnings decline
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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