Betagro Public Company Limited (SET: BTG) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
979.44 | -784.09 |
| Earning Per Share (Baht) |
0.5100 | -0.4100 |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
1,483.18 | -741.90 |
| Earning Per Share (Baht) | 0.7700 | -0.3800 |
BTG reported a net profit of THB 979.4 million in 3Q24, compared with a net loss of THB 784.1 million in 3Q23, and the net profit margin was at 3.2%. The increase in net profit and net profit margin was mainly attributable to an increase in gross profit margin and more efficient cost control.
The Company’s gross profit was THB 4,157.9 million in 3Q24, an increase of 88.1% from THB2,210.9 million in 3Q23 and the gross profit margin was at 13.9% in 3Q24, up from 8.2% in 3Q23. The increase in gross profit and gross profit margin was primarily due to a decrease in raw material prices.
The Company’ s total income was at THB 30,136.4 million in 3Q24, an increase of 10.9% from THB 27,180.1 million in 3Q23. This was mainly due to an increase of revenue from food and protein business following an increase of sales volume, pork and chicken prices as a result of rising demand in domestic and international markets as well as less pressure from illegal pork smuggling. In addition, revenue from Agro business in 3Q24 increased from the same period last year due to an increase of sales volume of feed products, in line with the Company’s capacity expansion at the new feed mill in Plaeng Yao District, Chachoengsao Province.
