SISB Public Company Limited (SET: SISB) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
209.73 | 155.43 |
| Earning Per Share (Baht) |
0.2200 | 0.1700 |
| % Change | 34.94 | |
| 6 Months | 6M24 | 6M23 |
| Net Profit (Loss) Million Baht |
421.65 | 314.46 |
| Earning Per Share (Baht) | 0.45 | 0.33 |
| % Change | 34.09 | |
SISB reported a net profit of THB 209.73 million in Q2’2024, with net profit margin at 36.85%, an increase from the same period of previous year of THB 155.43 million. The increase in net profit was due to the increase in the total revenues and most administrative expenses of the Company are fixed.
The Company’s revenue from sales and services for the 3-month period ended 30 June 2023 and 2024 were THB 423.23 million and THB 558.96 million respectively. Revenue increased by THB 135.73 million or 32.07%. This mainly came from the opening of new schools (Nonthaburi Campus and Rayong Campus), higher number of students both Thai students and Foreign students and increased tuition fee of AY2023/2024.
SISB has 4,357 students at the end of June 2024 in which 72.7% are Thai students and 27.3% are foreign students. This shows an increase from 4,278 students in total at the end of the first quarter of this year.
Tuition fee income for Q2’2023 and 2024 was THB 404.27 million and THB 537.98 million respectively, increasing by 33.07% resulting from the number of students increased from both Thai students and Foreign students from 3,094 to 3,959 (excluded the number of students from Singapore International School Chiang Mai).
In addition, average tuition fee income per student increased from THB 0.53 million to THB 0.55 million per student or 3.34%, mainly came from the opening of new schools in Nonthaburi and Rayong, majority of students were in nursery, kindergarten and primary level and increased tuition fee of AY2023/2024 which is related to the industry and increased in staff remunerations.
