ICHI Earns Net Profit of THB642 Million in 2022 as Sales Jump 21%

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

Year 2022 2021
Net Profit (Loss)
Million Baht
642 547
Earning Per Share
0.49 0.42
% Change 17.3

In the year 2022, ICHI earned net profit of 641.6 million baht or equivalent to net profit margin of 10.1% of sales revenue, as compared to the previous year net profit earned 546.8 million baht or equivalent to net profit margin of 10.5% of sales revenue, net profit increased by 17.3% from the same period of the last year.

Sales revenue was 6,340.4 million baht, an increase of 21.3% from last year’s revenue of 5,228.3 million baht. Sales revenue increased by 1,121.1 million baht resulting from domestic sales increased by 25.8%, because of the growing domestic ready-to-drink tea market and adjustment of the company’s sales promotion plan to increase the distribution coverage on the other hand export sales decreased by 9.1%, because of the impact of the economic slowdown in partner trading countries.