Exotic Food Public Company Limited (mai: XO) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
249.43 | 212.84 |
| Earning Per Share (Baht) |
0.5800 | 0.5000 |
| % Change | 17.20 | |
| 6 Months | 6M24 | 6M23 |
| Net Profit (Loss) Million Baht |
513.10 | 309.31 |
| Earning Per Share (Baht) | 1.20 | 0.73 |
| % Change | 65.89 | |
XO reported a net profit of 249 million baht in 2Q24, increased 17.29% from the same period of last year following a rise in sales volume in Europe and margin.
In 2Q24, the Company’s total revenue from sales was Baht 704.85 million, which increased by Baht 88.59 million or 14.38% when compared with the same period in 2023. Such an increase stemmed from an increase in sales volume of sauces and condiments in Europe.
Meanwhile, the cost of sales in 2Q24 was Baht 351.11 million increased by Baht 32.14 million or 10.08% as compared to the same period in 2023. Such an increase was in line with an increase in product sales volume.
Gross profit margin has increased to 50.19% in 2Q24 as compared to the same period of last year. This was mainly due to an increase in the proportion of sales of products with high gross margins and depreciation of the Baht currency.
