BJC Books Nearly THB700 Million of Net Profit in 3Q23 amid Rising Expenses

Berli Jucker Public Company Limited (SET: BJC) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q23 3Q22
Net Profit (Loss)
Million Baht
693.27 932.35
Earning Per Share
0.1700 0.2300
% Change -25.64
9 Months 2023 2022
Net Profit (Loss)
Million Baht
3,156.98 3,381.69
Earning Per Share (Baht) 0.7900 0.8400
% Change -6.64

BJC reported a net profit of THB 693 million in 3Q23, decreased 25.64% from a net profit of THB 932 million in 3Q22.

The company recorded an increase in consolidated total revenue for 3Q23, which reached THB 41,171 million, representing an increase of THB 877 million or 2.2% over the same period last year. The consolidated sales and service revenue was THB 37,900 million, an increase of THB 1,026 million or 2.8% over the same period last year, due to increasing sales from Healthcare & Technical and Modern Retail supply chains. Whilst the consolidated other income reached THB 3,247 million, a decrease of THB 131 million or 3.9% over the same period last year.

Meanwhile,  consolidated total expenses for 3Q23 amounted to THB 40,008 million, an increase of THB 987 million or 2.5% over the same period last year. This increase was mainly due to (1) increasing cost of goods sold expenses due to growing sales. We were able to manage cost down through several cost efficiency projects, resulting in better gross margin in all Supply Chains, (2) increasing SG&A expenses, mainly driven by store expansion, and higher electricity expenses at Modern Retail Supply Chain due to higher FT rate when compared with last year, and (3) increasing interest expenses due to higher interest rates.