An Increase of New Students Sends SISB’s Profit to Skyrocket by 116%, Booking ฿60m in 3Q

SISB Public Company Limited (SISB) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

SISB reported net income for Q3’2019 of THB 60.40 million, increased 116% when compared to a net income of THB 27.85 million in the same period of last year. The company’s gross margin increased 24.02% from same period of previous year due to an increasing number of students while most administrative expenses are related to fixed cost also, leading to an increase in net income.

SISB’s revenue for the 3-month period ended 30 September 2018 and 2019 were THB 237.41 million and THB 289.68 million respectively. Revenue increased by THB 52.28 million or 22.02%, mainly from an increase of tuition fees and services income which rose from THB 228.96 million baht in 3Q18 to THB 277.95 million baht in 3Q19, increased 21.40%.

Application and enrolment fee incomes of the company for Q3’2018 and 2019 were THB 11.96 million and THB 14.36 million respectively. Application and enrolment fee increased by 20.04% from the same period of previous year, due to an increasing number of students.