Siam Global House Public Company Limited (SET: GLOBAL) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
GLOBAL reported a net profit of 1,156 million baht in 1Q22, increased 19.75% from a net profit of 965 million baht in 1Q21. The increase was mainly due to its boost in sales and operating costs control.
Total revenues for the first quarter of 2022 were 9,805.13 million baht that increase from the same period of 2021 by 976.78 million baht or 11.06%
Gross profit for the first quarter of 2022 was 2,516.53 million baht that increased from the same period of 2021 of 306.31 million baht or 13.86% and representing 26.12% of sale revenues that increased by 0.65%, compared with the same period of 2021.
Distribution costs & Administrative expenses (exclude depreciation), Unrealized gain (loss) on exchange rate, and unrealized gain (loss) on current investment for the first quarter of 2022 was 932.19 million baht which increase of 112.93 million baht or 13.78% from the same period of 2021, these expenses represented 9.68% of the sales amount. It was mainly driven by the increase of salary expenses of new 3 stores.
Financial cost for the first quarter of 2022 was 45.11 million baht which decreased of 3.15 million baht or 6.53% from the same period of 2021, since the company has made the repayment of short-term loans and long-term loans to financial institutions resulting in decrease of interest expenses.