Impairment of Assets Pressure BEAUTY to Record THB30 Million of Loss in 2Q24

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

Quarter 2Q24 2Q23
Net Profit (Loss)
Million Baht
-29.97 -2.77
Earning Per Share
(Baht)
-0.010 -0.001
% Change -983.01
6 Months 6M24 6M23
Net Profit (Loss)
Million Baht
-31.47 -9.00
Earning Per Share
(Baht)
-0.01 -0.00
% Change -249.71

BEAUTY reported a net loss of 30 million baht in 2Q24, representing a further loss from 2.7 million baht of losses in 2Q23.

Revenue from sales declined 26% to 94.5 million baht in the quarter, while cost of sales dropped 22.3%.

Selling expenses rose 8.25% to 44.14 million baht in the second quarter, while administrative expenses dropped slightly by 5.82% to 23.48 million baht.

Meanwhile, the company recorded 911 million baht of impairment loss from assets in the quarter.