Carabao Group Public Company Limited (SET: CBG) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss)
Million Baht |
475.28 | 601.20 |
| Earning Per Share
(Baht) |
0.4800 | 0.6000 |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss)
Million Baht |
1,877.99 | 2,268.09 |
| Earning Per Share (Baht) | 1.8800 | 2.2700 |
| % Change | -17.20 | |
Total revenue from sales amounted to THB 4,695 million, up by +19% YoY, while the revenue from sales of its branded own products was THB 3,266 million, up by +21% YoY, due to expansions in both domestic and overseas markets.
Domestic sales were THB 1,674 million, up by +20% YoY, driven mainly by an increase in its sales of Carabaodang energy drinks amidst the recovery of Thailand’s energy drink market with lessened influence of the COVID-19 pandemic situation.
Overseas sales were THB 1,592 million, up by 23% YoY, driven mainly by CLMV and China markets its export sales to CLMV grew by +20% YoY, attributed to all major markets i.e. Cambodia increased by +6% YoY, Myanmar up by +55% YoY and Vietnam came with more purchase orders during the period, and the UK market grew by +46% YoY.
The net profits of the company amounted to THB 475 million, down by -21% YoY, due in large part to prices for raw materials and packaging materials as well as utility related expenses that went up.
Gross profits amounted to THB 1,360 million, up by +1% YoY, which were equivalent to a gross profits margin of 29% versus 34% a year ago, resulting from prices for major raw materials and packaging materials as well as utility related expenses that went up alongside changes in product mix.
