BJC Books THB1.2 Billion of Net Profit in 1Q23 as Revenue Tops THB40 Billion

Berli Jucker Public Company Limited (SET: BJC) has announced its 1Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q23 1Q22
Net Profit (Loss)
Million Baht
1,254.17 1,246.25
Earning Per Share
(Baht)
0.3100 0.3100
% Change 0.64

BJC reported a net profit of  THB 1,254 million, an increase of THB 8 million or 0.6% from the same period last year.

BJC total revenue for 1Q23 reached THB 40,804 million, representing an increase of THB 1,368 million or 3.5% over the same period last year. This increase was due to the consolidated sales and service revenue increasing to THB 37,520 million, an increase of THB 1,288 million or 3.6% over the same period last year, due to increasing sales from all supply chains. Whilst the consolidated other income reached THB 3,239 million, an increase of THB 35 million or 1.1% over the same period last year, driven by increasing other income at Modern Retail Supply Chain from less rental reduction provided to tenants.

 

Meanwhile, total expenses for 1Q23 amounted to THB 39,206 million, an increase of THB 1,309 million or 3.5% over the same period last year. This increase was mainly due to (1) increased cost of goods sold expenses due to growing sales and increased raw material and utilities prices, and (2) increased selling expenses at Modern Retail mainly due to increasing electricity expenses, and higher advertising and promotion expenses.