Home Product Center Public Company Limited (SET: HMPRO) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
1,442.00 | 1,533.13 |
| Earning Per Share (Baht) |
0.1100 | 0.1200 |
| % Change | -5.94 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
4,776.53 | 4,764.12 |
| Earning Per Share (Baht) | 0.3600 | 0.3600 |
| % Change | 0.26 | |
HMPRO reported a net profit of Baht 1,442.00 million in 3Q24, a decrease of Baht 91.13 million or down 5.94%. The decrease was mainly due to a decline in total revenues by 2.73% to Baht 17,012.63 million.
Revenue declined primarily due to an increase in consumer caution in their spending amid economic pressures. Additionally, the impact of above-average rainfall during Thailand’s rainy season and ongoing road construction in front of the HomePro Ratchaprueuk store further contributed to a decrease in customer visits during the third quarter.
Gross profit from sales of goods and Home Service amounted to Baht 4,309.32 million, a decrease of Baht 69.54 million or down 1.59% as compared with the prior year. The gross profit margin as percentage of sales increased from 26.72% in the previous year to 27.05%, owing to higher sales mix of high-margin products, particularly from the Mega Home business.
