KCE Electronics Public Company Limited (SET: KCE) has announced its 2024 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Year | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
1,648.46 | 1,719.58 |
| Earning Per Share (Baht) |
1.3900 | 1.4500 |
| % Change | -4.14 | |
KCE reported a net profit of Bt1,648.5 million in FY24, which represented a decrease of 4.14% Y-o-Y. The total consolidated revenue of FY24 was reported at Bt15,210.4 million, decreasing 8.8% Y-o-Y. This total revenue includes Bt14,832.9 million from product sales and Bt377.6 million from other income. In FY24, the company’s other income increased from Bt339.7 million in FY23, primarily driven by gains from asset sales. However, the impact of foreign exchange fluctuations led to a decrease in recognized foreign exchange gains compared to the previous year.
A key contributor to the increase in other income was the Bt119.9 million gain recorded from the sale of assets, including the sale of an old factory owned by a subsidiary. This transaction reflects the company’s strategic asset management approach, optimizing resources to support future growth and operational efficiency.
