GLOBAL’s 1Q20 Profit Jumps 13.7% to ฿615mn following a Higher Gross Margin

Siam Global House Public Company Limited (GLOBAL) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

GLOBAL reported a net profit of 615.92 million baht in 1Q20, increased 13.70% when compared to a net profit of 541.71 million baht in 1Q19 mainly due to the adjustment of operating strategic plans in accordance with the economic situation.

 

Total revenues for the first quarter of 2020 were 7,543.44 million baht that decrease from the same period of 2019 by 157.33 million baht or 2.04%, while gross profit for 1Q20 was 1,644.27 million baht, increasing from the same period of 2019 of 222.32 million baht or 15.63%.