Bangkok Airways hits turbulence with B111.9m loss
An unexpected tax burden has dampened the otherwise healthy performance of Bangkok Airways in the second quarter this year. The SET-listed regional airline posted a net loss of 111.9m baht between April and June, reversing the 102.2m baht in net profit recorded in the same period last year. The Revenue Department's June 16 change in income tax calculation for tax privileges granted by the Board of Investment led the airline to pay 447m baht in additional tax, president Puttipong Prasarttong-Osoth explained Thursday. Bangkok Airways reported 491.7m baht in profit before income tax expenses in Q2. Revenues in the period rose 8.8% to 6.05b baht as the airline raised passenger volumes to 1.23m, up from 1.11m in the same period last year.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-12/unaligned/bangkok-airways-hits-turbulence-with-b111-9m-loss
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Bangkok Airways hits turbulence with B111.9m loss
An unexpected tax burden has dampened the otherwise healthy performance of Bangkok Airways in the second quarter this year. The SET-listed regional airline posted a net loss of 111.9m baht between April and June, reversing the 102.2m baht in net profit recorded in the same period last year. The Revenue Department's June 16 change in income tax calculation for tax privileges granted by the Board of Investment led the airline to pay 447m baht in additional tax, president Puttipong Prasarttong-Osoth explained Thursday. Bangkok Airways reported 491.7m baht in profit before income tax expenses in Q2. Revenues in the period rose 8.8% to 6.05b baht as the airline raised passenger volumes to 1.23m, up from 1.11m in the same period last year.<br/>
