Covid-19 Plunges KISS’s Net Profit by 34% to ฿43Mn

Rojukiss International Public Company Limited (KISS) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

Net profit of KISS was Bath 43.2 million with net profit margin of 18.4%, improving from 4Q20 by 53.1% mainly from gain on exchange rate and decreasing of corporate income tax. Net profit decreased 33.7% YoY because net revenue from sales and services was Baht 234.6 million, no significant change from 4Q20. Total revenue before deduction of trade rebate and discount and accounting estimation was Baht 251.7 million, increasing 12.7% QoQ due to new products launched – Rojukiss Eye for Face White and Rojukiss Color Serum Shampoo which is the new product category. 

 

For overseas business, KISS has expanded the skincare category with Rojukiss Serum in sachet format in the Indonesia market after the successful launch of Rojukiss 5X mask. However, compared to 1Q20, net revenue declined by 22.3% because of the impact from COVID-19 outbreak from the end of March 2020 onwards and no service income from Indonesia which was Baht 37.7 million in 1Q20.