Platt Nera International Limited provided preliminary unaudited consolidated group earnings guidance for the year ended December 31, 2021. For the year, the group expects to record a decline in the consolidated revenue by approximately 35% and a net loss attributable to shareholders of the Company of approximately THB 29 million as compared the consolidated net profit for the year ended December 31, 2020. The decline in revenue for fiscal year 2021 compared to fiscal year 2020 was mainly due to the completion of the installation phase of the bulk of the Customer F Passbook Project and various PEA projects in 2020.

Moreover, there was a decline in revenue contributions from its major customer, BAAC, due to BAAC switching to a maintenance-based revenue model with the group since mid-2020 owing to the ongoing COVID-19 pandemic. The above were partially offset by revenues of other new projects in fiscal year 2021. However, in fiscal year 2021 owing to the absence of the one-off other income of THB 323.6 million arising from net compensation received from CAT Telecom Public Company Limited in fiscal year 2020 and as the resulting net group's revenues and gross profits could not cover the other operating expenses of the group, the group is expected to record a net loss for fiscal year 2021.