SISB Net Income Jumps Nearly 100% in 2Q23 to THB155 Million

SISB Public Company Limited (SET: SISB) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q23 2Q22
Net Profit (Loss)
Million Baht
155.43 78.30
Earning Per Share
0.17 0.08
% Change 98.52
9 Months 2023 2022
Net Profit (Loss)
Million Baht
314.46 141.49
Earning Per Share (Baht) 0.33 0.15
% Change 122.25

In 2Q23, SISB reported net income of THB 155.43 million, with net profit margin at 36.03%, an increase from the same period of previous year of THB 78.29 million, or 98.52%. 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.

Revenue from sales and services for the 3-month period ended 30 June 2023 was THB 423.23 million, increasing by THB 120.37 million or 39.74% from THB 302.86 in the same period last year. SISB said that this mainly came from the schools having at the schools (On-site) learning for 2022/2023, higher number of students both Thai students and Foreign students and increased tuition fee of 2022/2023.