Singer Thailand Public Company Limited (SET: SINGER) announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
261.04 | 165.13 |
| Earning Per Share (Baht) |
0.3100 | 0.3300 |
| % Change | 58.08 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
741.87 | 487.88 |
| Earning Per Share (Baht) | 0.9100 | 1.0100 |
| % Change | 52.06 | |
Net profit was at 261 million baht, which increased by 96 million baht or 58.2% for the three-month period ended September 30, 2022 compared with the same period of last year. An increase in net profit was mainly due to SINGER’s high sales and interest income from hire-purchase contract and loans.
Net profit was at 742 million baht which increased by 254 million baht or 52.0% for the nine-month period ended September 30, 2022, compared with the same period of last year.
Total revenue for the three-month period ended September 30, 2022 increased by 423 million baht or 46.3%. Meanwhile, total revenue for the nine-month period ended September 30, 2022, increased by 902 million baht or 29.4%.
Revenue from sales of goods increased by 195 million baht or 38.9% and 383 million baht or 20.1%, respectively, and interest income from hire-purchase contracts and loans and other income, sales were from top 5 products which were fuel vending machines, mobile, freezers, TV and washing machines.
For the three-month period and nine-month period ended 30 September 2022, interest income from hire-purchase contracts and loans of SINGER increased by baht 235 million or 62.7% and baht 493 million or 45.8%, respectively, since an expansion of the loans portfolio.
