G-Able Public Company Limited (SET: GABLE) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss)
Million Baht |
55.77 | 66.71 |
| Earning Per Share
(Baht) |
0.0700 | 0.0900 |
| % Change | -16.40 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
127.39 | 151.50 |
| Earning Per Share (Baht) | 0.1800 | 0.2400 |
| % Change | -15.91 | |
In 3Q24, GABLE had a net profit of Baht 55.77 million, a decrease of 16.40% from the same period of the previous year and a 11.50% decrease from the last quarter, representing a net profit margin of 4.03%. However, excluding other expenses and incomes, the Group’s core profit from operation would be similar to the same period of the previous year.
During the quarter, total revenue stood at Baht 1,383.20 million, an increase by 2.79% compared to 3Q23. However, the revenue decreased by 29.10% from the last quarter as the Group recognized revenue from a significant hardware project in the last quarter.
Sales and service income was at Baht 1,383.17 million, an increase of 3.09% compared to 3Q23, which resulted from growth in revenue from Enterprise Solution and Services Business. In addition, the Group has started to recognize revenue from Business Application Business on 1 August 2024 from acquisition of Round 2 Solutions Co., Ltd.
The Group received the highest 5-star corporate governance assessment or “Excellent” CG Scoring for the year 2024 from the Corporate Governance Report of Thai Listed Companies 2024 (CGR) by the Thai Institute of Directors Association (IOD), supported by the Stock Exchange of Thailand and the SEC. This assessment covered 5 main criteria: the rights of shareholders, the equitable treatment of shareholders, the role of the interested person, disclosure and transparency, and responsibilities of the Board of Directors.
In addition, the Group received 99 points in the assessment project of the quality of the annual general meeting of shareholders of listed companies or the AGM Checklist by the Thai Investors Association (TIA) and the Thai Capital Market Business Council, emphasizing the equal treatment of shareholders, including providing complete information in both Thai and English on the website, holding meetings at appropriate times, and giving importance to the Board of Directors and executives in organizing shareholder meetings.
The above assessment reflects the Group’s vision of being committed to good governance and sustainable management in accordance with the ESG principles, which prioritize all stakeholders and builds confidence among investors. The Group will use this assessment result as a guideline for developing good governance to continue growing steadily and sustainably.
