TPIPL Profit Expands 280% in 2021 Thanks to Higher FX Gains and Sales Volume

TPI Polene Public Company Limited (SET: TPIPL) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
5,670.534 1,498.152
Earning Per Share (Baht) 0.297 0.079
% Change 278.50


TPIPL reported a net profit of THB5,671 million in 2021, an increase of THB4,172 million or 278.50% from a net profit of THB1,498 million in 2020. Profit for the year was comprised of 

normal operating profit of THB7,067 million, net foreign exchange gain of THB391 million and tax expense of THB539 million.

Total consolidated revenues from sales of goods were THB38,920 million, an increase of 13.55% from a total consolidated revenue of THB34,276 million in 2020.Meanwhile, Total consolidated income was THB41,279 million compared with the same of THB36,187 million in 2020, an increase of 14.07%.