ICHI Posted Net Profit of THB 546.8 Million in the Fiscal Year 2021

Ichitan Group Pcl. (SET: ICHI) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly	2021	2020
Net Profit (Loss) Thousand Baht	546,771	515,533
Earning Per Share (Baht)	0.42	0.40
% Change	6.1%

Net profit stood at 546.8 million baht or equivalent to net profit margin of 10.5%of sales revenue, as compared to the previous year net profit earned 515.5 million baht or equivalent to net profit margin of 10.1% of sales revenue, net profit increased by 6.1% from the same period of the last year.

Sales revenue were at 5,228.3 million baht, increased by 2.5% from last year revenue of 5,099.3 million baht. Sales revenue increased by 129.0 million baht resulting from domestic sales increased by 13.2% of a new product group on the other hand export sales decreased by 37.4% because of the economic slowdown and the Covid-19 pandemic in foreign countries from the early year.

Cost of sales remained flat compare to the same period last year. In the year 2021 and year 2020, the Company’s cost of sales were 4,220.9 million baht and 4,093.6 million baht or equivalent to 80.7% and 80.3%, respectively.

In year 2021 and year 2020, the Company had share of profit of investment in joint venture were 59.0 million baht and 28.0 million baht respectively. The share of profit of investment in joint venture had been increased by 31.0 millionbaht because of the success in new products that was Thai identity beverage group.

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