R&B Food Supply Public Company Limited (SET: RBF) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
209.37 | 110.14 |
| Earning Per Share (Baht) |
0.1050 | 0.0550 |
| % Change | 90.10 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
509.39 | 388.29 |
| Earning Per Share (Baht) | 0.2550 | 0.1940 |
| % Change | 31.19 | |
RBF reported a net profit of Baht 209.37 million in 3Q23, increased 90.10% from the same period of last year. The increase in profit for the period was mainly because the proportion of revenues from sales of product groups with high gross margin had a higher growth rate than those with low gross margin. Moreover, the price of wheat flour in the world market decreased.
In the Third quarter of year 2023, the Group had revenues from sales and services of Baht 1,159.04 million, which increased by Baht 165.40 million or YoY 16.65%, when compared with the third quarter of year 2022.
The increase in export sales amounting to Baht 110.04 million, mainly resulted from industrial customers of the Flavour, Fragrance & Color products amounting to Baht 85.65 million and industrial customers of the Food Coating products amounting to Baht 24.93 million.
Meanwhile, the increase in domestic sales amounting to Baht 55.36 million, mainly resulted from general retail business customers of the Food Coating products amounting to Baht 33.72 and industrial customers of the Food Coating products amounting to Baht 28.59 million.
