BE8 Records Nearly 70%% Profit Growth by Service and Growing Demand of Digital Transformation

Beryl 8 Plus Public Company Limited (mai: BE8) announced its 2022 consolidated financial statement through the stock exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
138.62 82.14
Earning Per Share
0.6800 0.6700
% Change 68.77


BE8 reported a net profit of 138.62 million baht in 2022, increased 68.77% from a net profit of 82.14 million baht in 2021.

The total revenue of the company in 2022 was 810.97 million baht, an increase from the same period of the previous year 379.10 million baht or an increase of 113.92%. 

In Q4/2022, The service revenue amounted to 336.56 million baht, increased by 242.13 million baht or 256.41% QoQ. This is mainly from the growing demand of digital transformation and the recognition of revenue of extended IT resources Co., Ltd. 

In the year ended December 31, 2022, the service revenue amounted to 804.72 million baht, an increase by 427.76 million baht or 113.48% compared to the same period of last year. This is because the company won mega projects since the beginning of the year and the company recognized revenue from Extend IT Resources Co., Ltd.

In Q4/2022, despite the rise in revenue, the company had a net profit of 52.05 million baht, an increase by 31.07 million baht or 148.09 QoQ.

As of December 31,2022 and December 31, 2021, the total assets of the group amounted to 3,889 million baht, and 761.46 million baht, respectively, increased by 3,127 million baht from contract assets of 724.03 million baht and advance payment for services of 272 million baht, trade and other receivables of 287.80 million baht from revenue growth, and the total liabilities were 1,336 million baht and 142.56 million baht, respectively. Total liabilities increased by 1,193 million baht mainly from the financial loan of subsidiary 496.69 million baht and from the increase in contract liabilities from advance received from service revenue at 299.78 million baht.