Home Product Center Public Company Limited (SET: HMPRO) has announced its 1Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Year | 1Q23 | 1Q22 |
| Net Profit (Loss) Million Baht |
1,611 | 1,511 |
| Earning Per Share (Baht) |
0.12 | 0.11 |
| % Change | 6.63 | |
HMPRO reported a net profit of Baht 1,611.12 million for the first quarter, representing an increase of Baht 100.18 million, or up 6.63% as compared to the previous year. The main reasons include:
1. Total revenues were Baht 18,251.87 million, an increase of Baht 1,579.35 million or up 9.47%. The increase in revenue was contributed by the rebound in domestic consumption in some region as a result of the resumption of economic activities as well as the recovery of tourism after the easing of restrictions. Besides, HMPRO drove its sales during the first quarter by organizing the HomePro Expo at Impact Muang Thong Thani, including Double Day activities and other promotional activities through online platforms, in order to provide more convenience for customers to purchase products and services.
2. Gross profit from product sales and service income of Home Service was Baht 4,492.46 million,an increase of Baht395.81 million, or up 9.66% YoY.
3. Selling and administrative expenses (SG&A) amounted to Baht3,192.39 million, an increase of Baht 322.55 million, or up 11.24% year-over-year.
