SABINA Profits Reach THB100 Million in 1Q22 After Achieving Growth in Sales across All Channels

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

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
101.59 78.39
Earning Per Share
0.29 0.23
% Change 29.6

In 1Q22, SABINA’s net profit amounted to THB 101,6 million, an increase of +29.6% from 1Q21, as the company was able to achieve sales growth of +7.7% across all sales channels compared to 1Q21.

The total revenue was Baht 724.0 million, increased +7.7% from 1Q21 and decreased -9.9% from 4Q21. In 1Q22, the revenue from sales and service was THB 720.6 million, increased +8.3% from 1Q21 and decreased -9.9% from 4Q21.

The gross profit margin was 49.0% under the heavy omicron epidemic situation in mid February to March, including military operations between Russia and Ukraine, which affects the slowdown in consumer spending.