Ubon Bio Ethanol Public Company Limited (SET: UBE) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
-19.96 | 97.35 |
| Earning Per Share (Baht) |
-0.0050 | 0.0350 |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
179.46 | 204.01 |
| Earning Per Share (Baht) | 0.0460 | 0.0740 |
| % Change | -12.03 | |
UBE stated that the company generated total revenue of THB5,141.5 million, increased THB104.0 million or +2.1% from the same period of last year. The increase was mainly attributable from an increasing volume of fuel-grade ethanol and stronger ethanol selling price.
The company recorded total profit at the amount of THB179.5 million, declined THB24.5 million or -12.0% YoY mainly due to a lower sales volume of industrial-grade ethanol.
In 9M’22, the company’s cost of sales was THB4,489.8 million, or 87.3% of total sale revenue, increased THB240.7 million (+5.7% YoY) , mainly due to higher raw material costs, especially cassava. Thus, overall gross profit margin in 9M’22 dropped to 12.7% from 15.6% in 9M’21.
