Ichitan Records 48% Net Profit Increase in 2Q24 from Wider Margin

Ichitan Group Public Company Limited (SET: ICHI) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q24 2Q23
Net Profit (Loss)
Million Baht
378.87 255.56
Earning Per Share
(Baht)
0.2900 0.2000
% Change 48.25
6 Months 2024 2023
Net Profit (Loss)
Million Baht
742.64 477.29
Earning Per Share (Baht) 0.5700 0.3700
% Change 55.59

ICHI reported a net profit of 378.9 million baht in 2Q24, an increase of 48.25% YoY, mainly due to higher sales revenue at 2,304 million baht, especially from domestic sales that grew 19%. Meanwhile, costs and expenses remained relatively low.