BJC Earnings Reach THB1,200 Million in 1Q22, Driven by Increasing Sales and Revenue

Berli Jucker Public Company Limited (SET: BJC) announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
1,246.25 1,012.65
Earning Per Share
(Baht)
0.31 0.25
% Change 23

Net profit of BJC in 1Q22 reached THB 1,246 million, an increase of THB 233 million or +23.0% from the same period last year, as a result of an increase in consolidated total revenue.

BJC’s consolidated total revenue for 1Q22 reached THB 39,424 million, representing an increase of THB 3,808 million or +10.7% over the same period last year. This increase was mainly driven by the consolidated sales and service revenue increasing to THB 36,232 million, an increase of THB 3,712 million or +11.4% over the same period last year, driven by increasing sales in all of the Supply Chains. Whilst the consolidated other income reached THB 3,192 million, an increase of THB 155 million or +5.1% over the same period last year, mainly driven by increasing other income at Modern Retail Supply Chain due to the continued recovery leading to lower rental discounts, whilst occupancy rate still remained slightly lower than the same period last year.

Meanwhile, total expenses amounted to THB 37,872 million, an increase of THB 3,564 million or 10.4% over the same period last year. This increase was mainly due to (1) increased cost of goods sold expenses due to growing sales and increasing raw material prices, and (2) increasing SG&A expenses mainly due to increasing personnel expenses, and premises and plant expenses.