GLOBAL Reports 3Q Earnings of ฿660Mn from Higher Revenue, Boosting 9M Profit to ฿2.6Bn

Siam Global House Public Company Limited (GLOBAL) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

In 3Q21, GLOBAL reported a net profit of 659.14 million baht, up 45% from the same period of last year. This mainly resulted from the adjustment of strategies for managing the house brand products and sales boosting via more channels.

Meanwhile, the operating results for the nine-month period ended 30 September 2021, the company had the net profit of consolidated financial statements of 2,597.20 million baht that  increased by 65% compared with the same period of 2020.

Total revenues for the third quarter of 2021 were 7,684.78 million baht that increase from the same period of 2020 by 19.35% and for the nine-month period ended 30 September 2021 was 25,251.33 million baht, an increase of 5,318.88 million baht or 26.68% from the same period of 2020. It was mainly driven by sales of same stores growth and expansion of 6 new stores. 

Other revenues for the third quarter of 2021 was 213.24 million baht, an increase of 80.06% from the same period of 2020 and for the nine-month period ended 30 September 2021 was 542.87 million baht which increased 42.74% from the same period of 2020. It was mainly driven by the increase of revenue from sales promotion and service income.