G-Able Public Company Limited (SET: GABLE) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss)
Million Baht |
63.02 | 60.10 |
| Earning Per Share
(Baht) |
0.0900 | 0.0900 |
| % Change | 4.86 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
71.62 | 84.79 |
| Earning Per Share (Baht) | 0.1000 | 0.1400 |
| % Change | -15.53 | |
GABLE reported a net profit in 2Q24 of Baht 63.02 million, an increase of 632.79% from the previous quarter and a 4.86% increase from the same period last year, representing a net profit margin of 3.23%. However, excluding the deferred tax items that the Group could not utilize, which were recognized as an income tax expense of Baht 29.48 million this quarter, the Group’s net profit would have been Baht 92.50 million. This would represent an increase of 53.91% from the same quarter last year and a 975.58% increase from the previous quarter, with a net profit margin of 4.74%.
For the first 6 months of 2024, the Group had a net profit of Baht 71.62 million, a decrease of 15.53% from the same period last year. However, excluding the above deferred tax items of Baht 29.48 million, the Group’s net profit would have been Baht 101.10 million, an increase of 19.24% from the same period last year.
In 2Q24, the Group reported total revenues of Baht 1,950.88 million, an increase by 58.38% compared to 2Q23. The main reason was from an increase in revenue from Enterprise Solution and Services Business. In this quarter, the Group recognized revenue from a significant hardware project that had been backlogged from the previous quarter. For the first 6 months of 2024, total revenues amounted to Baht 3,110.95 million, representing a 31.29% increase from the same period last year.
Finance cost stood at Baht 4.40 million, a decrease of Baht 0.73 million from the same period last year. For the first six months of 2024, the Group’s finance cost amounted to Baht 6.08 million, a decrease of Baht 4.81 million compared to the first six months of 2023.
The company and its subsidiaries operate in the business of providing one-stop digital solutions which cover important enterprise-level solutions such as Cyber Security Solution, Cloud and Data Center Modernization Solution, Data and Analytics Solution, Digital Business and Application Solution, as well as Managed Tech Services to support digital transformation. With the expertise of the company, there are also solutions including Value-added Distribution and Software Platform to strengthen the business of the Group.
