Sabina Public Company Limited (SET: SABINA) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss)
Million Baht |
117.93 | 113.27 |
| Earning Per Share
(Baht) |
0.3400 | 0.3300 |
| % Change | 4.12 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
240.68 | 230.08 |
| Earning Per Share (Baht) | 0.6900 | 0.6600 |
| % Change | 4.61 | |
SABINA reported a net profit in 2Q24 of Baht 117.9 million, an increase of 4.1% YoY. For the six month period ended June 30,2024, net profit equaled Baht 240.7 million, increased by 4.6% YoY. The company’s management has implemented sustainability strategies in business management, has a good risk management process, and places importance on taking care of stakeholders, both communities and society, as well as the environment.
In the second quarter of 2024, the total revenue amounted to Baht 905.1 million, showing a 5.6% increase from the same period in 2023, but a slight decline of 0.2% from the previous quarter. Revenue generated from sales and services reached Baht 897.6 million, marking a 7.1% rise from the second quarter of 2023, yet a marginal 0.3% decrease from the first quarter of 2024.
For the first half of 2024, the total revenue totaled Baht 1,811.6 million, indicating a 4.7% increase from the first half of 2023. Revenue from sales and services amounted to Baht 1,797.7 million, reflecting a 5.3% increase from the first half of 2023.
In the second quarter of 2024, the company has a business approach that is consistent with the organization’s main goals as announced. The factors supporting the performance are the expansion of domestic demand after consumers were able to return to their normal lives and the acceleration of government spending, with the tourism sector being an important part that has made purchasing power more lively, especially during the Songkran festival, when there was a very lively shopping atmosphere.
However, there is still pressure for OEM products, which are still uncertain from the economic situation in Europe that has not returned to normal, including the impact of geopolitical conflicts and the shortage of containers for export to Europe, causing delays and inability to export within the second quarter, resulting in higher transportation costs. As for the volume of purchase orders, there is a tendency for sales to expand again this year. The company has prepared a plan to reduce energy costs by installing additional Solar Rooftops and preparing measures to cope with the minimum wage that is likely to increase.
In addition, the Board of Directors approved the interim dividend payment of THB 0.69 per share to be paid on 10 September 2024. The ex-dividend date is 26 August 2024.
