CP Axtra Public Company Limited (SET: CPAX) has announced 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss)
Million Baht |
1,952.00 | 1,676.91 |
| Earning Per Share
(Baht) |
0.1800 | 0.1600 |
| % Change | 16.40 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
6,609.31 | 5,358.45 |
| Earning Per Share (Baht) | 0.6200 | 0.5100 |
| % Change | 23.34 | |
CPAXT reported a net profit in 3Q24 of Baht 1,952 million, an increase of Baht 275 million or 16.40% compared to the same period of the previous year.
Meanwhile, the operating results for the nine months ended 30 September 2024, the company reported a net profit according to the consolidated financial statements of Baht 6,609 million, an increase of Baht 1,251 million, or 23.3% compared to the same period of the previous year.
The net profit growth in the third quarter is mainly attributed to strong sales growth, and an elevated gross margin across all business segments.
In the third quarter of 2024, the company reported total revenue of Baht 124,441 million, an increase of Baht 4,939 million or 4.1% year-on-year. While revenue from sale of goods was Baht 118,864 million, which rose by Baht 5,026 million or 4.4% compared to the third quarter of 2023.
Supportively, the revenue from wholesale business increased by 5.2% YoY, driven by growth across all segments, with a notable surge in fresh food sales. This expansion was further supported by growth in online, out-store, along with delivery products to customers businesses (Omni Channel), and expansion of the new stores.
Simultaneously, the revenue from the retail business grew 3.5% YoY, by strategically focusing on fresh food and the Omni Channel. Meanwhile, the proportion of Omni Channel of the company and its subsidiaries accounted for 18.8% of revenue from sale of goods, which exceeded this year’s target.
