G-Able Public Company Limited (SET: GABLE) has announced its 1Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q24 | 1Q23 |
| Net Profit (Loss) Million Baht |
8.77 | 24.54 |
| Earning Per Share (Baht) |
0.0125 | 0.0467 |
| % Change | -64.27 | |
GABLE reported a net profit of Baht 8.60 million in the first quarter of 2024, a decrease of 65.16% from the same period last year, representing a net profit margin of 0.74%, a decrease from 2.17% in the same period last year. The decrease was mainly due to higher cost and expenses of the company during the period.
In the first quarter of 2024, GABLE reported a solid backlog with expenses supporting sales resulting in operating profit and net profit lower from the same period last year. The company achieved all-time high backlog of Baht 5,568.52 million, an increase by 51.03% from the same period last year and rose by 22.55% from the last quarter to be recognized revenues in the future.
Total revenues was Baht 1,160.64 million, an increase by 2.01% compared to the same period last year. The main reason was from an increase in revenue from Enterprise Solution and Services.
