RS Public Company Limited (SET: RS) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
13.066 | 53.601 |
| Earning Per Share (Baht) | 0.0136 | 0.056 |
| % Change | -75.6 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
68.028 | 193.811 |
| Earning Per Share (Baht) | 0.071 | 0.2024 |
| % Change | -64.9 | |
For 2Q22, RS recorded a net profit of 13.1 million baht, decreasing by -76.2% QoQ and -75.6% YoY due to decline in commerce revenue following sluggish economy, as well as higher financial cost from investment in ULife. In addition, the company recognized the profit under equity method from the investment in Chase Asia Co., Ltd in 2Q22 at the amount of 9.4 million baht, decreasing from the previous quarter due to higher bad debt reserve.
Revenue from sales and services for 2Q22 recorded 827.7 million Baht, decreasing by -2% QoQ and -16.6% YoY. Despite continuous recovery of the entertainment business, revenue from the commerce business declined as RS Mall platform was affected by the economy and weakening consumer spending.
