Siam Global House Public Company Limited (SET: GLOBAL) has announced its 2021 consolidated financial statement as follows;
|Net Profit (Loss)
|Earning Per Share (Baht)||0.7266||0.4251|
GLOBAL reported a net profit of THB3,343 million from the operating results for the year 2021, increasing 70.94 percent from a net profit of THB1,955 million in 2020, as a result of adjusting operations strategy to be in accordance with economic conditions still be affected by COVID-19 pandemic and changing customer behavior in New Normal Style.
Total revenues for the year 2021 were THB34,116.11 million that increase from the year 2020 of THB6,762.23 million or 24.72 percent which comprise the following; 1) sales revenue was THB33,497.80 million, increase of THB6,694.84 million or 24.98 percent. It was from increasing same store sales growth and new 4 stores in 2021, and 2) other revenues were THB618.31 million, an increase of THB67.38 million or 12.23 percent. The main reasons are increasing sales promotion revenue and transportation revenue.
Gross profit for the year 2021 was THB8,430.81 million or representing 25.17 percent of Sale revenues, which increased by 1.2 percent% compared with the year 2020. This is significantly due to the strategy adjustment of House Brand products management and steel price increased in some periods.
In 2021, GLOBAL has expanded 4 stores at Phayakkhaphum Phisai, Kabin Buri, Nong Han, and Phan. Therefore, the end of year 2021, the Company has operated total 75 stores in
Thailand. Also, GLOBAL has established a subsidiary company in China under name “Guangxi Global House International Trade Co., LTD.” with the objective to support the company’s business operations. Besides, the Board of Directors has approved the establishment of the subsidiary company in the Philippines under name “Global House Philippines Co., Ltd” with the objective to support the business expansion in the Philippines, which is currently being processed.
In addition, the Board of Directors approved a dividend payment paying in common stock dividend at the rate of 23 existing shares per 1 stock dividend (23:1) and paying in cash dividend at the rate of THB0.25 per share. The Ex-dividend date (XD) is set for 25 February 2022, while the payment will be made on 6 May 2022.