KCE Electronics Public Company Limited (SET: KCE) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
655 | 604 |
| Earning Per Share (Baht) | 0.55 | 0.51 |
| % Change | 8.47 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
1,817 | 1,725 |
| Earning Per Share (Baht) | 1.54 | 1.46 |
| % Change | 5.31 | |
KCE reported a consolidated net profit of THB655.2 million in 3Q22, which represented an increase of 14.57% and 8.47 % Q-o-Q and Y-o-Y respectively. Operating profit in 3Q22 totaled THB614.9 million (excluding a gain on foreign currency exchange rate of THB40.9 million and a loss from fair value of financial investment of THB0.6 million), representing an increase of 2.22% Q-o-Q and 2.19% Y-o-Y.
The improvement in profitability was driven by benefit from the weakened THB, higher product mix of special grade products (HDI) and a decline in the price of Copper. This resulted in basic earnings per share of THB0.55 for 3Q22.
Consolidated sales revenue in THB terms was at THB4,633.9 million, representing an
slightly decreased 0.72% Q-o-Q but increased 22.30% Y-o-Y, while sales revenue in USD terms decreased by 6.15% Q-o-Q but increased 10.67% Y-o-Y. The weakened THB against the US dollar in the period resulted in a gain in revenue recognition in Thai Baht terms of THB177.7 million and THB287.6 million in Q-o-Q and Y-o-Y, respectively. Nevertheless, sales revenue was adversely impacted by unrealized consignment sales of THB328.3 million.
