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.