NEX Point Public Company Limited (SET: NEX) has announced its 1Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q23 | 1Q22 |
| Net Profit (Loss) Million Baht |
152.09 | (62.75) |
| Earning Per Share (Baht) |
0.09 | (0.04) |
| % Change | N/A | |
In 1Q23, NEX had a net profit of THB152.09 million, increased by THB214.84 million, as compared to the same period of previous year, which incurred the net loss of THB62.75 million, according to increase from gross profit commercial electric vehicle business and increase from share of gain from an investment in an associate.
The total revenue from sales and service for the first quarter was at THB3,210.63 million, increased by THB3,056.12 million, or 1,978% as compared to the same period of previous year which incurred the total revenue from sales and services of THB154.51 million, mainly increased from the commercial electric vehicle business of THB3,017.38 million. The company sold a total of 563 commercial electric vehicles units in 1Q23.
Gross profit was THB119.40 million, increased by THB92.40 million, or 342%, as compared to the same period of previous year which incurred a gross profit of THB27 million, mainly from the commercial electric vehicle business in amount of THB86.38 million.
