Srinanaporn Marketing Public Company Limited (SET: SNNP) has announced 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss)
Million Baht |
170.40 | 157.56 |
| Earning Per Share
(Baht) |
0.1800 | 0.1600 |
| % Change | 8.15 | |
SNNP reported a net profit in 1Q25 of Baht 170.40 million, an increase of Baht 12.84 million or 8.15% compared to the previous year. The solid growth was attributed to effective cost and expense control by implementing supply chain management principles, particularly in sourcing key raw materials such as Bento fish, Lotus chicken skin, and packaging materials for Jele products.
The launch of new high-margin products, such as Jele, which received strong market response, also contributed to improved profitability. Sales through traditional trade channels also increased, leading to a higher gross profit margin and an overall rise in gross profit.
SNNP reported total revenue of Baht 1,485.5 million in 1Q25, an increase of 3.2% compared to 1Q24. This growth was mainly driven by higher domestic sales from the expansion of Bento, Lotus, and Magic Farm brands, as well as improved international sales following strategic adjustments and the completion of a distribution restructuring in the same quarter.
However, compared to 4Q24, sales revenue declined by 7.9%, which aligns with the seasonal distribution cycle, where Q4 typically records the highest sales and Q1 sees a sequential slowdown.
Gross profit in 1Q25 was Baht 452.0 million, compared to Baht 482.8 million in 4Q24, down by Baht 30.8 million or 6.4%. Compared to 1Q24, gross profit increased by Baht 27.0 million or 6.4% from Baht 425.0 million.
The gross profit margin in 1Q25 was 30.4%, rising by 0.5 percentage points from 29.9% in Q4/2024, and by 0.9 percentage points from 29.5% in Q1/2024. The improvement was driven by effective management of raw material and packaging costs in line with the Company’s sustainable supply chain policy, as well as higher production utilization for beverage lines to meet increasing market demand, resulting in economies of scale.
