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Thai Construction Firm Gets Back on Profit Track.
Byline: Charoen Kittikanya
Jan. 8--A sharp reduction in interest costs coupled with steady growth of construction contracts in hand is expected to lift the operating profit of Italian-Thai Development Plc to at least 500 million baht this year, after three years of losses, company executives said yesterday.
The significant reduction in the company's interest rate burden from successful debt restructuring would play a crucial role in returning the company to profitability, said Chatichai Chutima, vice-president for finance.
Italian-Thai expected to report a net loss of about two billion baht on total revenues of 13 billion for 2001, compared ...
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