Bangkok Airways hit by tax, posts Q2 loss
An unexpected tax burden dampened the otherwise healthy performance of Bangkok Airways in Q2. The SET-listed regional airline posted a net loss of 111.9m baht between April and June, reversing a 102.2m baht net profit recorded a year earlier. 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 taxes, president Puttipong Prasarttong-Osoth said on Thursday. Bangkok Airways reported 491.7m baht in profit before income tax expense in Q2. Revenue in the period rose 8.8% to 6.05b baht as the airline raised passenger volume to 1.23m, up from 1.11m in the same period last year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-15/unaligned/bangkok-airways-hit-by-tax-posts-q2-loss
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Bangkok Airways hit by tax, posts Q2 loss
An unexpected tax burden dampened the otherwise healthy performance of Bangkok Airways in Q2. The SET-listed regional airline posted a net loss of 111.9m baht between April and June, reversing a 102.2m baht net profit recorded a year earlier. 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 taxes, president Puttipong Prasarttong-Osoth said on Thursday. Bangkok Airways reported 491.7m baht in profit before income tax expense in Q2. Revenue in the period rose 8.8% to 6.05b baht as the airline raised passenger volume to 1.23m, up from 1.11m in the same period last year. <br/>
