Singer Thailand Public Company Limited (SET: SINGER) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Year | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
935.28 | 700.59 |
| Earning Per Share (Baht) |
1.1400 | 1.4000 |
| % Change | 33.50 | |
SINGER reported a net profit of Baht 935 million in 2022, increased 33.50% from a net profit of Baht 700 million in 2021.
For 2022, total revenue increased by Baht 808 million or 18.4% mainly due to increase in interest income from hire-purchase and loans contract of Baht 817 million or 54.5% and other income of Baht 46 million.
For 2022, revenue from sales of goods slightly decreased by Baht 55 million or 2% from sales reduction in some electrical appliances products. For 2022, the cost of sales of goods increased by Baht 35 million. Gross product margin slightly decreased by 2.3% from previous year, while gross product margin was reduced from 46.7% in 2021 to 44.4% in 2022.
Expected credit loss of the Group Company increased by Baht 196 million or 122.5%, due to increase in non-performing loans of hire purchase and loans.
