SISB’s Earnings Jumps 14 Folds in 2Q21 on Higher Revenue and Gross Profit Margin
SISB reported net income of 65.47 million baht, up 1,435% in 2Q21, with net profit margin at 24.23%, from the increase in the revenue and gross profit margin, coupled with fixed administrative expenses.
SISB Public Company Limited (SISB) has reported its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
For the three-month period ended June 30, 2021, SISB reported net income of 65.47 million baht, up 1,435% from the same period of last year, with net profit margin at 24.23%, an increase from the same period of previous year of 4.26 million baht. The increase in net profit was due to the increase in the revenue, higher in gross profit margin and most administrative expenses of the company are fixed.
SISB’s revenue for the period was 270.15 million baht, an increase by 43.99 million baht or 19.45%, consisting of revenues from sales and services of 269.02 million baht and other incomes of 1.13 million baht.
The company’s costs and expenses, which include tuition and service cost, administrative expenses, other expenses and finance cost, were 205.92 million baht, down from 225.10 million baht in the same time previous year.
