SIRI Reports 41% Profit Growth in 2023 from Better Business Performance and Lower Expenses

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

Year 2023 2022
Net Profit (Loss)

Million Baht

6,060.39 4,279.89
Earning Per Share


0.3570 0.2650
% Change 41.60


SIRI reported a net profit of 6,060 Million Baht, growing by 41.6% from 4,280 Million Baht in 2022. In this regard, net profit margin was at 15.5% of total revenue, increasing from 12.2% of total revenue in 2022. The primary contributors to the increase in net profit were improved performance from core business, gain on sale of assets from the disposal of Satit Pattana School, gain from land sales, together with lower selling and administrative expenses, and finance cost. In addition, an effective corporate income tax in 2023 was at 20.6% of earnings before corporate income tax.

The company reported total revenue of 39,082 Million Baht, a 11.7% increase from 34,983 Million Baht in 2022. The growth was primarily driven by almost all business units, except for rental business and other services revenue.

In addition, SIRI announced a dividend payment of THB 0.10 per share to be paid on 20 May 2024. The ex-dividend date is 15 March 2024.