SISB Reports 115% Surge in 3Q22 Earnings as Number of Students Increase

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

Quarter 3Q22 3Q21
Net Profit (Loss)
Million Baht
99.44 46.10
Earning Per Share
0.1100 0.0500
% Change 115.71
9 Months 2022 2021
Net Profit (Loss)
Million Baht
240.93 182.16
Earning Per Share (Baht) 0.1100 0.1900
% Change 32.26

SISB reported a net profit of 99.44 million baht in 3Q22, increased 115% from a net profit of 46.10 million in 3Q21. The increase in net profit was due to the increase in the revenue and most administrative expenses of the company are fixed.

The company recorded 337 million baht of tuition fees and services income in the third quarter of 2022, increased 32.46% from the same period of last year. Meanwhile, education equipment income rose by 457% to 4.35 million baht for the quarter from 0.78 million baht in 3Q21. Net profit margin rose to 28.59% in 3Q22 from 17.89% in 3Q21.

At the end of September 2022, the company had 3,044 students, compared to 2,275 students in 3Q21 and 2,731 students at the end of 2Q22.