NEX Point Public Company Limited (SET: NEX) has reported its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
(62.752) | (37.858) |
| Earning Per Share (Baht) |
(0.04) | (0.02) |
| % Change | (65.74) | |
For the first quarter ended March 31, 2022, NEX had net loss of THB 62.75 million, increase by THB 24.89 million, or 65.74%, as compared to the same period of last year, which incurred the net loss of THB 37.86 million, according to decreased from the gross profit and increased from the Share of losses of associated companies (Equity method).
Gross profit was THB 27 million, decreased by THB 25.74 million, or 48.81%, as compared to the same period of last year which incurred the total selling and administrative expenses of THB 52.74 million, according to the logistic service business decreased by THB 15.20 million and the bus business decreased by THB 14.06 million.
Meanwhile, share of losses of associated companies (Equity method) was THB 22.38 million, increased by THB 16.38 million, or 273%, as compared to the same period of last year which incurred the total expenses tax of THB 6.00 million, according to increase because the factory was just completed in early 2022 and is in the testing phase of the production line before actual production.
