Earnings Report /
Thailand

Erawan Group PCL/The: Core loss in 2Q21 as expected, but negative surprise in impairment loss

  • Core loss was in line, but net loss disappointed

  • ERW reported net loss of Bt689m in 2Q21

  • Core loss in 2Q21 was due to weak top-line that was insufficient to cover direct costs

Narumon Ekasamut
Narumon Ekasamut

Equity Research Analyst

Bualuang Securities
16 August 2021