SISB’s Profit Continue to Rise, Booking ฿58.85M in 1Q as the Number of Students Grows 6%

SISB Public Company Limited (SISB) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

SISB reported a net profit of 58.85 million baht in 1Q20, increased 38.62% compared to a net profit of 42.46 million baht in 1Q19. The company’s gross margin increased 14.58% from the same period of the previous year due to the increased number of students and most administrative expenses are related to fixed cost also, leading to increase in net income.

The company recorded a total revenue for the period at 286.09 million baht, increased 6.50% when compared to a net profit of 268.64 million baht in 1Q19.

The number of students increased to 2,450, which increased by 6.29% from the same period of the previous year. However, average tuition fee income per student decreased to THB 0.43 million per student in March 2020, dropping by 1.56% from the same period of the previous year due to the decreasing of after-school activities and field trips income that cannot perform which has been impacted from COVID-19.