BEAUTY Shows Improvement in 1Q24 Operations, Cutting Net Loss to THB1.7 Billion

Beauty Community Public Company Limited (SET: BEAUTY) has announced its 1Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q24 1Q23
Net Profit (Loss)
Million Baht
-1.77 -6.23
Earning Per Share
-0.001 -0.002
% Change 71.55

BEAUTY reported a net loss of THB 1,773 million in 1Q24, an improvement from a net loss of THB 6,231 million in 1Q23.

Total revenue in 1Q24 was THB 118 million, increased 9.24% from THB 108 million in 1Q23. Meanwhile, the cost of sales rose 25% to THB 62.91 million.

Revenue structure came mainly from the Retail shop 43.93%, Oversea 35.30%, Modern Trade 9.30%, E-commerce 8.41%, General Trade 1.57% and Other revenue 1.48%. The same store sales growth (SSSG) for the 1st Quarter of 2024 declined by 21.25%.

Selling expenses for 1Q24 was THB 29.56 million, decreased by 22.24% from the same period last year (YoY), and decreased by 18.05% compared to 1Q23 (QoQ).

Administrative expenses 1Q24 was THB 22.30 million decreased by 1.11% from the same period last year (YoY), and increased by 5.69% compared to 1Q23 (QoQ).