HANA’s 3Q22 Earnings Drop 36% to THB416 Million, Handing Out Cash Dividend of THB0.50

HANA Microelectronics Public Company Limited (SET: HANA) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 3Q22 3Q21
Net Profit (Loss)

Million Baht

416.64 563.78
Earning Per Share

(Baht)

0.5200 0.7000
9 Months 2022 2021
Net Profit (Loss)

Million Baht

1,026.59 1,601.75
Earning Per Share (Baht) 1.2800 1.9900
% Change -35.91

 

Net Profit in the third quarter of 2022 decreased 26% to THB 416 million from a profit  in the third quarter of 2021 of THB 564 million, due to higher exchange loss in 3Q2022.

The sales revenue increased 21% year on year to THB 7.5 billion for the third quarter of 2022 from THB 6.2 billion for the third quarter 2021.

Earnings from Operations were 24% higher at THB 864 million in the third quarter of 2022 compared to THB 696 million in the third quarter of 2021. 

The Gross Profit margin decreased 1 percentage point to 15% in the third quarter of 2022 from 16% in the third quarter of 2021, despite higher revenue during the quarter due to higher material costs.

The Operating margin was similar at 11% in3Q2022 and 3Q2021, SG&A expenses were 10% higher in 3Q2022 than 3Q2021 due to higher salary and R&D costs.

The Board of Directors of HANA also approved a dividend payment of THB0.50 per share to be paid on December 14, 2022 with an ex-dividend date on November 29, 2022.