SISB Records 94% Increase in 2023 Earnings, Offering THB0.31 Dividend Payment

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

SISB reported net income of THB 653.53 million in 2023, with net profit margin at 33.85%, an increase from the same period of previous year of THB 369.28 million, representing an increase of 94.55%. 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. 

The Company’s revenue from sales and services for the 12-month period ended 31 December 2022 and 2023 were THB 1,319.26 million and THB 1,889.24 million respectively. Revenue increased by THB 569.98 million or 43.20%. This mainly came from the opening of new schools in Nonthaburi and Rayong, higher number of students both Thai students and Foreign students and increased tuition fee of AY2023/2024.

In addition, the company approved a dividend payment of THB 0.31 per share to be paid on 2 May 2024. The ex-dividend date is 8 March 2024.