Srinanaporn Marketing Public Company Limited (SET: SNNP) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss)
Million Baht |
162.24 | 156.67 |
| Earning Per Share
(Baht) |
0.1700 | 0.1600 |
| % Change | 3.56 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
319.80 | 310.68 |
| Earning Per Share (Baht) | 0.3300 | 0.3200 |
| % Change | 2.94 | |
SNNP reported a net profit in 2Q24 of Baht 162.2 million, an increase of Baht 5.5 million or 3.6% YoY. The company’s net profit in 2Q24 increased by 4.6 million or 3.0% QoQ. The growth was driven from the increase in demand for beverage products such as Jele Beautie and Magic Farm, and revenue from new products such as Jele Fit, which is well-liked by the customer base.
In 2Q24, sales revenue increased to Baht 1,505.4 million, an increase of 2.4% compared to 2Q23, and increased by 4.5% compared to 1Q24. Revenue from domestic sales in 2Q24 was Baht 1,147.0 million, an increase of 3.2% YoY and an increase of 5.1% QoQ. Revenue from overseas sales was Baht 358.4 million, consistent with 2Q23, and increased by 2.8% from 1Q24.
For the first six months of 2024, the net profit was Baht 319.8 million, an increase of Baht 9.1 million or 2.9% compared to the first six months of 2023 of Baht 310.7 million. The company had revenue from sales of Baht 2,945.4 million in 6M24, an increase of 1.9% compared to the first six months of 2023.
SNNP has implemented the strategic plan by focusing on product quality, maintaining its leadership position in market share in the core brand market segment, and developing and distributing new products to satisfy consumers and aims to expand sales growth in foreign markets.
This includes developing and selecting products that match the tastes and lifestyles of customers in each area, coupled with building business partnerships. The focus is on identifying potential markets and collaborating with distributors to spread products in each locality, providing channels for distributing products to consumers comprehensively and widely.
In addition, the Board of Directors approved the interim dividend payment of THB0.25 per share to be paid on 6 September 2024. The ex-dividend date is 22 August 2024.
