SISB Reports Net Income of THB63 Million in 1Q22, Down 10% YoY

SISB Public Company Limited (SET: SISB) has reported its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
63.20 70.60
Earning Per Share
0.07 0.08
% Change -10.48

SISB reported net income of THB 63.20 million, with net profit margin at 21.92%, a decrease of 10.48% from the same period of previous year of THB 70.60 million. The decrease in net profit was due to the decrease in the revenue, lower in gross profit margin and most administrative expenses of the Company are fixed.

Revenue for the period was THB 288.30 million, decreasing by THB 7.66 million or 2.59% from the same period of last year.

In addition, SISB reported administrative expenses at THB 75.29 million which is 26.12% of total revenue. The expenses consisted of employee related expenses which amounted to THB 54.78 million. Administrative expenses to total revenue increased from 24.50% to 26.12%, due to increase in employee related expenses to support Secondary Building at Singapore International School Thonburi campus.