DOHOME’s 2020 Net Profit Surges to ฿727Mn Despite Being Impacted by Covid-19

Dohome Public Company Limited (DOHOME) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

For the operating result year of 2020, DOHOME had net profit in the amount of Baht 726.68 million, representing an increase 0.2% from the same period of last year. Compared to the same period of last year, the main reason for net profit’s increase was an increment of revenues, a decline of other expenses and a decrease of finance cost. 

 

Total revenue was Baht 18,928.38 million, representing an increase 5.3% over the same period of last year as the result of the increase in sales revenues from both (new) ramp-up phase and (old) matured branches which were operated.  

 

Revenue from sales and services was Baht 18,777.38 million, an increase of Baht 908.68 million or by 5.1% over the same period of last year, which was mainly from the increase of revenues from (old) matured branches with 0.2%, the increase of revenues from branches which were opened in 2019 and fully operated in 2020 and the increase of revenues from new opening branches  

 

Other incomes were Baht 147.44 million, an increase of Baht 42.32 million or 43.0% over the same period of last year, which was mainly due to an increase of cash subsidy from suppliers, compensation income from floods case in 2019 and gain on foreign exchange rate according to from more efficient in risk management.