GLOBAL Reports 8% Earnings Growth from Higher Sales in 2Q24

Siam Global House Public Company Limited (SET: GLOBAL) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q24 2Q23
Net Profit (Loss)
Million Baht
764.57 703.43
Earning Per Share
(Baht)
0.1470 0.1352
% Change 8.69
6 Months 2024 2023
Net Profit (Loss)
Million Baht
1,489.84 1,586.04
Earning Per Share (Baht) 0.2864 0.3049
% Change -6.07

GLOBAL reported a net profit of Baht 764.14 million, showing an increase of Baht 59.08 million or 8.38% compared to the same period of 2023.

Total revenues for the second quarter of 2024 were Baht 8,715.43 million increased from the same period of 2023 by Baht 212.18 million or 2.50%.  It was mainly driven by an increase in sales from the same stores and 8 new stores.

Meanwhile, other revenues for the second quarter of 2024 were Baht 206.41 million, an increase of Baht 26.43 million or 14.68% from the same period of 2023.

Distribution costs & Administrative expenses (excluding depreciation, unrealized gain (loss) on exchange rate, and unrealized gain (loss) on current investment) for the second quarter of 2024 was Baht 1,250.76 million which increased by Baht 130.71 million or 11.67% from the same period of 2023.