Siam Makro Public Company Limited (SET: MAKRO) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
MAKRO reported a net profit of Baht 7,697 million, a decrease of Baht 5,990 million or 43.8% from the previous year which included a gain on step acquisition of retail business since October 2021. Regardless of the non-recurring item mentioned above, net profit surged by 10.4% from 2021, with wholesale business of Baht 7,074 million, or an increase of 7.6% YoY, and retail business of Baht 623 million.
In 2022, the company and its subsidiaries reported sales revenue of Baht 447,182 million, an increase of Baht 188,552 million or 72.9% year-on-year (“YoY”), due mainly to the business combination of the retail business since 25 October 2021, and the continued sales growth of Baht 21,093 million or 9.5% from Makro-Thailand, Makro-International as well as Foodservice APME because of a recovery from the reopening of international borders in core operating countries alongside less rigorous travel restrictions in the Asia-Pacific market.
In addition, the company and its subsidiaries revenues from rental and rendering retail services of Baht 13,477 million, rendering of services of Baht 5,422 million, and other income of Baht 3,050 million totaled Baht 21,949 million, due to a remarkable growth of Baht 14,212 million, or 183.7% compared to the same period last year. This was primarily from an increase of Baht 10,750 million in revenue from rental and rendering retail services from the retail business. Therefore, the company and its subsidiaries had total revenues of Baht 469,131 million in 2022, an increase of 76.1% compared to the same period last year.
The company and its subsidiaries in 2022 had a gross profit margin of 14.2% of the total sales revenue, increased from 11.7% in the same period last year, primarily due to the combination of the retail business, which has a gross profit margin of 18.6%.
The company and its subsidiaries recorded the cost of rental and rendering of services of Baht 5,982 million in 2022, an increase of Baht 4,936 million from the same period last year, mainly attributable to the retail business. Meanwhile the distribution costs and administrative expenses were Baht 62,842 million, an increase of Baht 36,353 million or 137.2% YoY, which represented 13.4% of total revenues. This was primarily due to an increase in Baht 33,560 million in the distribution costs and administrative expense of the retail business.
In addition, the Board of Directors approved a dividend payout of THB0.33 per share to be paid on 17 May 2023. The ex-dividend date is 27 April 2023.