RS’ 3Q Profit Jumps 41% to ฿130Mn as Commerce Business Grows at a Record Pace

RS Public Company Limited (RS) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

RS reported a net profit of 130 million baht in 3Q20, increased 41.42% compared to the same quarter last year. The increase was due to the high growth from the commerce business, which enjoyed a high gross profit margin

Revenue from commerce business has grown at a record pace for two consecutive quarters since the business commenced in 2015, from customer (lead) database management that offers a variety of ads and different types of products to customers. The use of technology has helped in customer analysis and insights, to feature a variety of health conscious products and create campaigns and promotions that attract customers, grown to 1.5 million customers.