SISB Reports 77% Net Profit Growth in 2023 as On-Site Learning Resumes, Offering THB0.16 Dividend

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

Year 2022 2021
Net Profit (Loss)
Million Baht
369.28 208.75
Earning Per Share
0.3900 0.2200
% Change 76.90

SISB reported net income of THB 369.28 million in 2022, with net profit margin at 27.56%, an increase from the same period of previous year of THB 208.75 million, increased 77% YoY. The increase in net profit was due to the increase in the revenue, gross profit margin and most administrative expenses of the Company are fixed.

The Company’s revenue from sales and services for the 12-month period ended 31 December 2021 and 2022 were THB 1,054.86 million and THB 1,319.26 million respectively. Revenue increased by THB 264.40 million or 25.06%. This mainly came from the schools having on-site learning for AY2022/2023 and a higher number of students.

Tuition fee income for 2021 and 2022 was THB 993.86 million and THB 1,248.79 million respectively, increasing by 25.65% resulting from the number of students that increased from both Thai students and Foreign students from 2,253 to 2,862 (excluded the number of students from Singapore International School Chiang Mai). In addition, average tuition fee income per student increased from THB 0.42 million to THB 0.49 million per student or 15.82%, mainly came from the normal at schools (On-site) Learning and increased tuition fee of AY2022/2023 which is related to the industry and increased in staff remunerations. The increased tuition fee started to revenue recognized in September 2022.


In addition, the Board of Directors approved a dividend payout of THB0.16 per share to be paid on 24 April 2023. The ex-dividend date is on 9 March 2023.