Platt Nera International
1949.HK
HKD0.825 -0.60%
Exchange: HKSE | Sector: Technology | Industry: Information Technology Services
Q3 2024
Published: Sep 30, 2024

Earnings Highlights

  • Revenue of $21.31M down 85.1% year-over-year
  • EPS of $-0.21 decreased by 3% from previous year
  • Gross margin of 17.5%
  • Net income of -143.64M
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1949.HK
Company 1949.HK

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 (βˆ’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

Revenue
Decreasing
21.31M
QoQ: -35.88% | YoY: -85.07%
Gross Profit
Decreasing
3.74M
17.54% margin
QoQ: -54.75% | YoY: -84.61%
Operating Income
Decreasing
-13.51M
QoQ: -163.77% | YoY: -266.72%
Net Income
Decreasing
-143.64M
QoQ: -24 020.15% | YoY: -4 206.36%
EPS
Decreasing
-0.21
QoQ: -21 100.00% | YoY: -3 784.21%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 30.40 -0.06 +42.7% View
Q1 2025 15.20 -0.03 -54.3% View
Q4 2024 21.31 -0.21 -85.1% View
Q3 2024 21.31 -0.21 -85.1% View