BJC Reports a 21% Drop in 1Q Net Profit as Covid-19 Sales Revenue Falls

Berli Jucker Public Company Limited (BJC) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

BJC’s consolidated net profit for 1Q21 reached THB 1,013 million, a decrease of THB 267 million or -20.8% from the same period last year, mainly driven by a decline in revenue. 

 

Total revenue for 1Q21 reached THB 35,616 million, representing a decrease of THB 6,712 million or -15.9% over the same period last year. This decrease was mainly driven by the consolidated sales and service revenue declining to THB 32,520million, a decrease of THB 5,963 million or -15.5%  over the same period last year, driven by decreasing sales at  Packaging, Consumer, and modern Retail Supply Chains.  

 

Whilst the consolidated other income reached THB 3,037 million, a decrease of THB 659 million or -17.8% over the same period last year, mainly driven by declining other income modern Retail Supply Chain due to the negative impact of COVID situation leading to rental discounts and lower occupancy rate when compared to the same period last year. When compared to the previous quarter, BJC’s consolidated total revenue in 1Q21 decreased THB by THB 3,015 million or -7.8% from 4Q20. The decrease was driven by declines at all supply chains mainly due to seasonality and the impact from the second and third COVID waves.