Major Cineplex Group Public Company Limited (SET: MAJOR) has announced 1Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q24 | 1Q23 |
| Net Profit (Loss)
Million Baht |
140.31 | 70.11 |
| Earning Per Share
(Baht) |
0.1700 | 0.0800 |
| % Change | 100.13 | |
MAJOR reported a net profit in 1Q24 of 140 million baht, an increase of 100% or 70 million baht compared to the same period last year.
The company recorded a total revenue of 1,719 million baht, an increase of 8% or 129 million baht compared to the same period of the previous year, mainly due to the growing guest counts from Thai movies such as Pee Nak 4, Hor Taew Tak10, Moei: The Promised and The Hollywood films such as Godzilla x Kong : The New Empire, DUNE Part Two , Kung Fu Panda 4, which have various audience groups in line with the company’s determination to continuously expand branches to cover the entire country. Additionally, the company increased its multi-channel distribution to offer beverages and popcorn outside of cinemas which has been well responded by consumers.
The share of profits from investments in the amount of 64 million baht increased from the same period last year. The company’s share of profits from investments was 23 million baht, an increase of 41 million baht, mostly due to the Major Cineplex Lifestyle Leasehold Property Fund’s better performance.