COTTO 1Q22 Earnings Grow 13% over Higher Sales Revenue

SCG Ceramics Public Company Limited (SET: COTTO) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
211.58 187.06
Earning Per Share
0.0400 0.0300
% Change 13.11

COTTO reported a net profit of 211 million baht in 1Q22, increased 13.11% from a net profit of 187 million baht in 1Q21. 

Revenue from sales amounted to 3,231 million baht, increased 15 % YoY due to continuous increase in demand which affected sales volume, increased by 13% YoY in both domestic and export while average selling price increased 2% YoY.

COTTO stated that the company closely controls cost management and production efficiency in order to mitigate the impact of higher production costs in this period, both from the increasing of natural gas and raw materials prices.