OISHI’s Net Profit Falls 62% to ฿140Mn as Sales and Services Revenue Declines
OISHI reported Baht 140 million of Net profit in Q2/2020-2021 which declined by Baht 231 million or 62.3% from the same period of last year.
Oishi Group Public Company Limited (OISHI) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
OISHI reported Baht 140 million of Net profit in Q2/2020-2021 which declined by Baht 231 million or 62.3% from net profit of Baht 371 million in Q2/2019-2020. However, deducting non-recurring items of Baht 293 million the results in normalized net profit of Baht 78 million in Q2/2019-2020.
Comparing normalized net profit for Q2/2020-2021 of Baht 140 million to those of Q2/2019-2020 means the company had higher profit by Baht 61 million or 78.6%. Increase in normalized net profit was as a result of the drive to increase profitability of domestics’ beverage units, operational efficiency measures and continuous cost control programs.
Total sales and services revenue of OISHI for Q2/2020-2021 was Baht 2,369 million, a decrease of Baht 538 million or 18.5% from Q2/2019-2020.