TQM Reports 5% Increase in 1Q22 Earnings on Rising Revenue

TQM Corporation Public Company Limited (SET: TQM) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
213.64 201.67
Earning Per Share
(Baht)
0.3600 0.3400
% Change 5.94

TQM reported a net profit of Baht 213 million in 1Q22, increased 5.94% from a net profit of Baht 201 million in 1Q21. The increase was mainly due to a rise in revenue.

Service revenue of 1Q22 was Baht 875.9 million, increasing by Baht 47.1 million or 5.7% YoY, mainly from motor insurance and corporate clients, as well as upcountry branch sales channels.