SABUY Proudly Announces 800% Surge in 3Q22 Earnings with Significant Increase in Investment Gains

Sabuy Technology Public Company Limited (SET: SABUY) announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
500.68 56.05
Earning Per Share
0.3427 0.0538
% Change 793.22
9 Months 2022 2021
Net Profit (Loss)
Million Baht
964.22 136.82
Earning Per Share (Baht) 0.7140 0.1335
% Change 604.72


Net profit in 3Q2022 was THB 500.7 million, a significant increase of THB 444.6 million or 793.3% from the same period last year and a strong increase of THB 144.4 million or 40.5% from the previous quarter. This was mainly due to the recognition of investment gain in TSR (as of August 31, before consolidating with the Group) and Buzzebees.

Sales and services revenue in 3Q2022 was THB 1,157.3 million, representing an increase of THB 496.2 million or 75.0% from the same period last year and increased THB 401.3 million or 53.1% from previous quarter, that happened during 2Q2022 and continued to 3Q2022 resulted in the source of SABUY Group’s revenue growing up to 10 major companies are from TSR, SABUY Alliances and iSoftel which have significant growth potential.

Consolodated gross profit in 3Q2022 was THB 369.7 million, a THB 147.0 million or 66.0% increase from the same period last year and increased by THB 155.2 million or 72.4% from the previous quarter, with gross profit margin in 3Q2022 was at 31.9%, decreased from 33.7% from the same period last year and slightly increased from 28.4% from the previous quarter, the companies has a gross margin of approximately 31.3% in the third quarter.