GLOBAL Reports 23% Decrease in Net Profit in 2023 to THB2.67 Billion

Siam Global House Public Company Limited (SET: GLOBAL) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)
Million Baht
2,671.43 3,486.87
Earning Per Share
0.5341 0.6971
% Change -23.39

GLOBAL reported a net profit of Baht 2,678.14 million, a decrease of Baht 827.76 million or 23.61% compared with the year 2022. The decrease in net profit was due to the decline in sales according to the economic slowdown conditions, which has an impact on the purchasing power of the public in all regions.

Total revenues for the year 2023 were Baht 33,013.75 million that decreased from the year 2022 of Baht 2,964.65 million or 8.24%.

GLOBAL expanded six new stores in 2023. At the end of 2023, there are a total of 83 stores operating in the country and another 1 store, which is a subsidiary in Cambodia.