HMPRO Reports THB1,500 Million in 1Q22 Earnings, Up 11% YoY

Home Product Center Public Company Limited (SET: HMPRO) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
1,510.95 1,362.47
Earning Per Share
0.11 0.10
% Change 10.90

HMPRO’s net profit for the first quarter of 2022 was THB1,510.95 million, representing an increase of THB148.48 million or up 10.90% as compared to the previous year. The main reasons include:

Total revenues were THB16,672 million, an increase of THB839 million or up 5.31%, comprising of the following:

1.1. Revenue from contracts with customers which comprised product sales revenue and service income of Home Service was THB15,760 million, representing an increase of THB708 million or up 4.71% year-over-year. The revenue increase was contributed  by  moderate recovery of consumption in tourist dominated regions, which mainly supported by domestic tourists. This was partly also as a result of the government stimulus measure “Shopping and Payback (Shop Dee Mee Kuen)”, which stimulated spending of customers in February.

In addition, the company organized more promotional activities for both offline and online channels, including Homepro Electric Expo in the first quarter of this year. At the same time, sales growth of online channels continued improving.

1.2. Rental and service income amounted to THB410 million, an increase of THB86 million or up 26.61% from previous year

1.3. Other income was THB500 million, an increase of THB45 million or up 9.89%, as a result of the increased in promotional activities with vendors in both at stores and online channels.