Maguro Group Public Company Limited (mai: MAGURO) has announced 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss)
Million Baht |
29.33 | 19.01 |
| Earning Per Share
(Baht) |
0.2300 | 0.1800 |
| % Change | 54.24 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
62.37 | 58.73 |
| Earning Per Share (Baht) | 0.5500 | 0.5600 |
| % Change | 6.19 | |
MAGURO reported a net profit in 3Q24 of Baht 29.33 million, an increase of Baht 10.32 million or 54.24% compared to the same period of the previous year. This growth was mainly due to increased revenue, along with effective control and management of gross profit and selling and administrative expenses.
The company generated revenue from sales and services amounting to 355.7 million baht in Q3 2024 and 973.7 million baht for the nine months of 2024, reflecting increases of 33.2% and 26.8%, respectively, compared to the same periods last year. This growth was driven by the opening of seven new branches during the first nine months of 2024, including three Maguro branches and four Hitori Shabu branches. Additionally, in Q3 2024, same-store sales growth (SSSG) showed a positive increase of 0.5%.
In Q3 2024, the Company’s gross profit increased 47.5 million baht, a rise of 39.1%. For the first nine months of 2024, gross profit rose to 91.6 million baht, reflecting an increase of 26.3% compared to the same period last year, aligning with the increase in revenue from sales and services.
The company’s gross profit margin in Q3 increased by 2.0% compared to the same period last year, primarily due to a reduction in raw material costs, a higher revenue contribution from new brands, and menu development to increase ingredient variety. For the first nine months of 2024, the gross profit margin slightly decreased by 0.2% compared to the same period last year, due to an increase in raw ingredients costs during the first half of 2024.
