GFPT Public Company Limited (SET: GFPT) has reported its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
455.74 | 60.62 |
| Earning Per Share (Baht) |
0.36 | 0.05 |
| % Change | 651.83 | |
GFPT reported a net profit in 1Q22 of THB455.74 million, increasing in amount of THB395.12 million or 651.83% up from THB60.62 million in 1Q21. The EPS of 1Q22 was THB0.36 per share. The increase was primarily driven from higher revenue from sales and higher share of profit from associated companies comparing to 1Q21. The consolidated net profit margin in 1Q22 was 11.36% of revenue from sales, improved from 1.84% in 1Q21.
The overall performance of GFPT in 1Q22 has clearly recovered from food business especially higher revenue from export sales of processed chicken and domestic sales of chicken parts comparing to 1Q21, thanks to cooked chicken production capacity of 2,500 tons per month from the 5 new production lines together with higher selling price of domestic chicken parts and chicken by-products. As a result, GFPT had total revenue from sales of THB4,008.51 million in1Q22, representing an increase of THB704.52 million or 21.32% up from 1Q21 mainly from higher revenue of food business which increased by THB703.87 million or 45.24% up comparing to 1Q21.
