SISB’s Profit Jumps 113% as Students Increase, Targeting 15% Revenue Growth in 2020

SISB Public Company Limited (SISB) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

SISB reported outstanding earnings in 2019 at 220.87 million baht, increased 113.37% from a net profit of 103.52 million baht in 2018. The increase in net profit was mainly due to the increase in tuition fee income and application and enrolment fee income, and other incomes.

SISB’s tuition fees and services income grew by 17.62% to record at 1,086.83 million baht in 2019. Tuition fee income in 2019 was THB 1,031.90 million, increased by 17.88% YoY due to the number of students that increased to 2,433 or 9.50%.

Application and enrolment fee incomes in 2019 were THB 54.93 million. Application and enrolment fee increased by 12.97% from the same period of the previous year, due to the increasing number of students.

Other incomes for the 12-month in 2019 were THB 33.99 million, increased 128% YoY. Other incomes mainly consisted of income from food and beverage, income from short-term investment, credit card fee income, and interest income.

 

In addition, the Board of Directors of SISB has approved a resolution for a dividend payment to be paid on May 15, 2020, at a value of ฿0.10/share with an ex-dividend date on April 24, 2020.

 

Mr. Yew Hock Koh, Chief Executive Officer of SISB, has stated that he expects the revenue in 2020 to grow 15%, matching with an increasing number of students around 200-250 students per year. Meanwhile, the company had purchased a plot of land near its Thonburi Campus for expansion of the school. The construction is expected to be completed in 2021 and the total capacity would accumulate to 4,660 students.

Mr. Yew Hock Koh is also confident that the SISB School Open House 2020 on March 21, 2020, will surely receive positive responses from parents and students.