GFPT’s Net Profit Shrinks over 80% in 1Q due to Lower Revenue from Sales 

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

GFPT’s consolidated net profit in 1Q21 accounted for THB 60.62 million or equal to EPS of THB 0.05 per share, or 81.33% down from 1Q20.

 

The consolidated revenue from sales for 1Q21 were THB 3,298.38 million, decreased by THB 383.82 million or 10.42% down from 1Q20, mostly from lower revenue of farm business which decreased by THB 171.31 million or 13.75% down comparing to 1Q20 and lower revenue of food business which decreased by THB 160.90 million or 9.37% down comparing to 1Q20. The consolidated revenue from sales in 1Q2021consisted of the food segment representing 47.17%, farm segment representing 32.58%,and feed segment representing 20.25%.

 

While, share of profit from associated companies was THB 31.85 million, decreased by THB 68.41 million, or 68.23% down from 1Q20 mainly from GFN’s loss contribution was THB 51.99 million, increased by THB 64.24 million or 524.56% up comparing to 1Q20 mainly from lower export volume of processed chicken. Besides, McKey’s profit contribution was THB 83.84 million, decreased by THB4.16 million or 4.73% downfrom 1Q20.