RATCH Reports 6% Increase in 1Q24 Earnings from Lower Cost and FX Gains

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

Quarter 1Q24 1Q23
Net Profit (Loss)
Million Baht
1,536.83 1,447.67
Earning Per Share
0.7100 0.6700
% Change 6.16

RATCH reported a net profit of THB 1,537 million in 1Q24, increased 6.16% YoY.

Revenue from sales and rendering of services in the first quarter was THB 8,888 million, a significant drop from THB 14,492 million in 1Q23. However, the company had lower cost of sales during the period, which resulted in a gross profit of THB 1,477 million, slightly higher than the same period of last year.

Meanwhile, the company recorded a net gain of FX by THB 121 million, compared to a net loss of THB 177 million in 1Q23.