NEX Earns THB7.95 Million in Profit in 3Q22 on Increased Electric Bus Sales

NEX Point Public Company Limited (SET: NEX) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
7.947 (19.578)
Earning Per Share (Baht) 0.00 (0.01)
% Change 141
6 Months 2022 2021
Net Profit (Loss)
Million Baht
(114.228) (90.376)
Earning Per Share (Baht) (0.07) (0.05)
% Change -26

For the third quarter ended September 30, 2022, NEX had net profit of 7.95 million baht, increased by 27.53 million baht, or 141%, as compared to the same period of previous year, which incurred the net loss of 19.58 million baht, due to increase from gross profit bus business from sales electric bus.

NEX earned the total revenue from sales and service of 1,378.97 million baht, increased by 1,266.93 million baht, or 1,131% as compared to the same period of previous year which incurred the total revenue from sales and services of 112.04 million baht, mainly due to an Increase from the bus business of 1,174.11 million baht.

For the nine-months quarter ended September 30, 2022, the company had net loss of 114.23 million baht, increased by 23.86 million baht, or 26%, as compared to the same period of previous year, which incurred the net loss of 90.37 million baht, due to increase from the share of losses from an investment in an associate but gross profit bus business increased from sales electric bus.