PTB announced Q3 2020 results, in which revenue advanced 11% YoY (H1 2020: flat YoY) while NPAT-MI sank 12% YoY (H1 2020: -22% YoY). NPAT-MI fell due to (1) a loss in the auto dealership segment as COVID-19 dampened auto consumption and (2) a slump in stone profits that was caused by PTB’s price discounts to offload its inventory amid softer domestic granite stone demand.
- That said, the stone and auto segments showed signs of