BEAUTY’s 1Q22 Net Loss Narrows to THB2.92 Billion on Business Restructuring

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

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
(2,921) (15,132)
Earning Per Share
(0.001) (0.01)
% Change 80.70

BEAUTY reported a net loss of THB2.92 billion in 1Q22, a decreased of 80.70% from the same period last year (YoY), mainly from business restructuring and cost saving program.

Total revenues was THB 112.71 million decreased by 17.98% from the same period last year (YoY) and decreased by 3.91% compared to 4Q21 (QoQ). Revenue structure came mainly from oversea 46.04%, the retail shop 33.70%, E-commerce 7.24%, general trade 5.22%, modern trade 3.37% and other revenue 4.44%. The same store sales growth (SSSG) declined by 1.35%.

The drop in sale revenue can be attributable to the following main factors: the prolonged COVID-19 crisis that impacted the entire global economy; the rise in the cost of living that negatively affect the overall consumer spending power; the slower than expected up-tick in the country’s in-bound tourism. However, BEAUTY started to see some gradual sign of recovery after the Thai government, starting from 1 April 2022, relaxed the entry measure from requiring the RT-PCR test from the country of origin.