TQM’s 1Q21 Earnings Increase by 12% from Higher Sales Revenue and Cost Control

TQM Corporation Public Company Limited (TQM) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

TQM reported a net profit of 201 million baht in 1Q21, increased 12.44% from a net profit of 179 million baht in 1Q20. The increase was from the increases of sales of every channel as well as effective cost control by leveraging on-hand technologies.

 

Service income was 828.8 million baht, compared to 814.1million baht of 1Q20, increased amounted to 14.7 million baht or 1.8% from the increase of sales and services.

 

Service cost and expenses is 401.8 million baht or 47.5% of total revenues compared to 407.4 million baht or 49.5% of 1Q20, a decrease amounted to 5.6million baht or 1.4% from effective service costs control.

 

The gross margin is 427.0 million baht or 51.5% compared to 406.7 million baht or 50.0% of 1Q20, an increase of 20.3 million baht or 5.0% from the additional online channel.