COCOCO Reports 12% Rise in 3Q24 Earnings amid Surging Sales Revenue

Thai Coconut Public Company Limited (SET: COCOCO) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 3Q24 3Q23
Net Profit (Loss)
Million Baht
172.15 152.81
Earning Per Share
(Baht)
0.1200 0.1300
% Change 12.66
9 Months 2024 2023
Net Profit (Loss)
Million Baht
602.79 351.04
Earning Per Share (Baht) 0.4100 0.3100
% Change 71.72

COCOCO reported a net profit of 172.31 million baht, an increase of 19.57 million baht, or 12.81%, from the same quarter of the previous year.

Total revenue for the quarter was 1,928.54 million baht, an increase of 48.55% compared to the same quarter of the previous year. This growth was primarily driven by sales and service revenue from coconut water products.