SABINA’s Net Profit Jumps 11% to ฿78Mn from a Decrease in Selling-Administrative Expense

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

In 1Q21, net profit amounted to Baht 78.4 million or a 11.7% increases YoY. The total revenue was Baht 672.3 million, decreasing 1.4% from 1Q20. 

 

The revenue from sales and service was Baht 665.2 million, decreased 1.1% from 1Q20. This is due to the second wave of covid 19 outbreaks since the end of December 2020, it affects the overall economy. The consumer spending slowed down.

 

Meanwhile, selling and administrative expenses amount to Baht 223.8 million or 33.3% of total income, which decreased 18.2% from 1Q20. The company has adjusted its strategy to spend to comply with the current economy. Especially the marketing budget that has been used to suit the plan more.