PTB - Weak stone margins and auto sales hurt Q1 earnings - Earnings Flash
  • 2020-05-04T13:33:15
  • Company Research
PTB released Q1 2020 results with flat revenue while NPAT-MI plummeted 28% YoY. An unexpected compression in stone profit margins (amid robust revenue growth) along with a small loss in the auto dealership segment (due to softer demand amid COVID-19) dampened Q1 2020 NPAT-MI. The wood segment was a bright spot with a double-digit PBT increase.