High Revenue from Domestic Sales Turns ICHI Around to Book ฿136m of Profit in 2Q19

Ichitan Group Public Company Limited (ICHI) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

In 2Q19, ICHI booked a net profit of THB 136.75 million or equivalent to net profit margin of 8.3% when compared to the same period of the previous year that recorded a net loss of THB 30.37 million. As for the 6 months period, the company earned a net profit of THB 251 million, increased 9,785% from a net profit of THB 2.54 million in 6M18.the first half of 2018.

ICHI recorded a sales revenue of THB 1,645.1 million, increased 23.4% YoY due to 37.8% growth in domestic sales while export sales decreased by 3.8%. The domestic sales mainly grew from the group of new product together with improve strategy of marketing activities.