BJC’s Net Profit Tops THB5,010 in 2022 as Revenues Surge

Siam Makro Public Company Limited (SET: MAKRO) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
5,010 3,584
Earning Per Share
1.25 0.89
% Change 39.8

In 2022, BJC’s net profit reached THB5,010 million, an increase of THB1,425 million or +39.8% over the same period last year, driven by an increase in total revenue, and lower interest and tax expenses.

For the fiscal year 2022, BJC’s total revenue was at THB163,601 million, representing an increase of THB13,427 million or +8.9% over the same period last year, mainly driven by increasing sales at the Packaging, and Modern Retail Supply Chains, and increasing other income driven by rental income recovery at the Modern Retail Supply Chain.

Total expenses for 2022 amounted to THB157,350 million, an increase of THB12,106 million or +8.3% over the same period last year mainly due to (1) increased cost of goods sold expenses due to growing sales and increasing raw material prices, and (2) increasing SG&A expenses at Modern Retail Supply Chain mainly due to increasing electricity expenses, and higher advertising and promotion expenses.