Executive Summary
Platt Nera International Limited posted a sharply weaker QQ3 2024 as revenue collapsed to THB 21.31 million, down 85.1% year over year and 35.9% sequentially. The quarter delivered a substantial net loss of THB 143.64 million and an EBIT/EBITDA position negative by THB 13.5 million and THB 13.43 million respectively, driven principally by a very large negative contribution from total other income and expenses totaling THB -119.19 million. Despite the weak profitability, the company maintains a solid balance sheet and liquidity profile: total assets of THB 1,236.99 million, current assets of THB 844.66 million, current ratio of 1.28, and cash plus short-term investments of THB 145.28 million. Net debt stood at THB 269.02 million with a debt-to-equity ratio of 1.05 and a leverage profile that suggests room for working-capital optimization if operating performance improves. Free cash flow was negative at THB 12.12 million for the period, and operating cash flow was also negative (−THB 6.81 million), reflecting the earnings weakness and working-capital dynamics. Management commentary is not included in the provided transcript dataset; consequently, direct quotes or themes from an earnings call could not be integrated. The dataset shows no peers for 1949.HK, complicating direct industry benchmarking. Overall, the near-term investment thesis remains cautious: earnings visibility is constrained by a steep revenue decline and a heavy one-off drag in other income/expenses, while liquidity and balance-sheet strength could support a potential turnaround if operating performance stabilizes and cost controls take effect.
Key Performance Indicators
QoQ: -35.88% | YoY:-85.07%
QoQ: -54.75% | YoY:-84.61%
QoQ: -163.77% | YoY:-266.72%
QoQ: -24 020.15% | YoY:-4 206.36%
QoQ: -21 100.00% | YoY:-3 784.21%
Key Insights
Revenue performance: Q3 2024 revenue THB 21,306,500; YoY change: −85.07%; QoQ change: −35.88%. Gross Profit: THB 3,738,000; Gross Margin 17.54% (0.1754). Operating income: THB −13,507,500; Operating margin: −63.40% (−0.6339). EBITDA: THB −13,429,000; EBITDA margin: −63.03% (−0.6303). Net income: THB −143,640,500; Net income margin: −6.74%. Earnings per share (basic/diluted): THB −0.21. Weighted average shares: 680.00 million....
Financial Highlights
Revenue performance: Q3 2024 revenue THB 21,306,500; YoY change: −85.07%; QoQ change: −35.88%. Gross Profit: THB 3,738,000; Gross Margin 17.54% (0.1754). Operating income: THB −13,507,500; Operating margin: −63.40% (−0.6339). EBITDA: THB −13,429,000; EBITDA margin: −63.03% (−0.6303). Net income: THB −143,640,500; Net income margin: −6.74%. Earnings per share (basic/diluted): THB −0.21. Weighted average shares: 680.00 million.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
21.31M |
-85.07% |
-35.88% |
| Gross Profit |
3.74M |
-84.61% |
-54.75% |
| Operating Income |
-13.51M |
-266.72% |
-163.77% |
| Net Income |
-143.64M |
-4 206.36% |
-24 020.15% |
| EPS |
-0.21 |
-3 784.21% |
-21 100.00% |
Key Financial Ratios
operatingProfitMargin
-63.4%
Management Commentary
No earnings-call transcript was provided in the dataset; as a result, there are no management quotes or thematic highlights to cite. If a transcript becomes available, potential themes would likely include discussions around revenue diversification, cost-control measures, pipeline in banking/government IT services, and any one-off items driving large swings in other income/expenses.
Forward Guidance
No explicit management guidance was included in the provided data for QQ3 2024. Given the material year-over-year revenue decline and a substantial negative swing in other income/expenses, near-term guidance would hinge on stabilization of project pipelines, favorable mix shifts toward higher-margin IT services, and disciplined operating expense management. Investors should monitor any communicated targets for revenue recovery, gross margin stabilization, expense discipline, and cash-burn reduction in upcoming quarters. Absent formal guidance, the forward view remains contingent on market recovery in Thailand’s IT services segment, client diversification, and potential one-off recoveries from non-operating items.