Pluk Phak Praw Rak Mae Public Company Limited (SET: OKJ) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
60.08 | 29.93 |
| Earning Per Share (Baht) |
0.1300 | 0.0700 |
| % Change | 100.76 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
162.44 | 103.86 |
| Earning Per Share (Baht) | 0.3600 | 0.2300 |
| % Change | 56.41 | |
OKJ reported a net profit of THB 60.1 million in 3Q24, representing an increase by 100% from THB 29.93 million in the same period of last year.
In Q3/23 and Q3/24, the Company‘s gross profit margin was 43.9% and 45.2%, respectively. The improvement in gross profit margin was due to more efficient inventory management, the expansion of branches providing a volume advantage in negotiating purchase costs, and the productivity in cultivation and production processes.
The main reasons for the significant growth in net profit and net profit margin compared to the previous year were revenue growth driven by branch expansion, new brand launch, cost management, and effective control over selling and administrative expenses.
Operating revenue for the quarter was THB 633 million, increased by 44.6%. Sales in Q3 and cumulative sales for the first 9 months of 2024 have increased compared to the same period last year. The main factor driving this growth is the expansion of branches, which has made it easier for customers to access and enjoy the convenience of ordering and dining closer to home.
Furthermore, sales of ready-to-eat products in Café Amazon stores have grown significantly, with cumulative sales for the first 9 months increasing by 175.1% compared to last year. The Company expects to continue growing products sales in Café Amazon by the relocation of its production to a new central kitchen.
