Good Corporate Governance Rating

Excellent

Srithai Superware Pcl. attaches great importance to the disclosure of information with accuracy, completeness and in a timely manner. Such information is disclosed in accordance with the situation relating to financial information (such as financial circumstances, and performance) as well as non-financial information (such as shareholdings structure, Company governance, and other business-related information), in order to benefit all shareholders and outside persons. The Investor Relations Unit is assigned to be responsible for providing and disclosing such up-to-date information with accuracy and completeness, as well as for providing easy access via all communications channels arranged by the Company. Hence, investors and outsiders can effectively contact the Investor Relations Unit to inquire about such information in a convenient and speedy manner.

Stock Price

Last Updated : 21 Oct 2021 16:39

SITHAI (THB)

1.44

Change(% Change)

-(-%)

Volume (Shares)

3,731,600

Bid Price / Volume (Shares)

1.43 / 570,400

Day's Range

1.43 - 1.45

Open

1.44

Prior

1.44

52 Weeks' Range

0.57 - 1.73

Summary of Operating Results of the Group

The Group’s total operating result for Q2/2021 compared with Q2/2020 improved significantly with profit attributable to the equity holders of the Company of Baht 32 million (Q2/2020: net loss of Baht 58 million), increased by 155.2% YoY. The Group’s revenues for Q2/2021 amounted to Baht 1,840 million, an increase of Baht 293 million (+18.9%) from Q2/2020. In addition, revenues for H1/2021 were Baht 3,695 million, an increase of Baht 225 million (+6.5%) YoY. This was primarily attributable to the recovery of exports and the growth of industrial products from domestic and Vietnam operations. Although ASEAN countries still intensely face a new wave of Covid-19 outbreak, the situation in Europe and the US have improved and gradually returned to normal as majority of population had received Covid-19 vaccination.

Gross profit for Q2/2021 amounted to Baht 203 million, increased by Baht 74 million (+57.4%) YoY and gross profit margin increased from 8.3% in Q2/2020 to 11.0%. Gross profit for H1/2021 amounted to Baht 448 million, an increase of 20.8% YoY, with gross profit margin increased from 10.7% in H1/2020 to 12.1%. This resulted from the Group’s internal restructuring, better costs and expenses management including improvement of production efficiency, despite the price hike in raw materials compared with the previous year.

The Group’s operating profit for Q2/2021 amounted to Baht 19 million, representing 1.0% of revenues, compared with operating loss amounting to Baht 40 million or negative 2.6% of revenues in Q2/2020. Operating profit for H1/2021 amounting to Baht 78 million, representing 2.1% of revenues, improved from operating loss 0.2% of revenues in H1/2020.

Earnings before interest, tax, depreciation and amortization (“EBITDA”) in Q2/2021 amounted to Baht 216 million or EBITDA margin of 11.7%, increased by Baht 60 million (Q2/2020: EBITDA margin of 10.1%), and EBITDA for H1/2021 amounting to Baht 466 million or EBITDA margin of 12.6% improved from 11.5% of H1/2020. Profit Per Share was Baht 0.012 for Q2/2021 and Baht 0.035 for H1/2021, an increase from a Loss Per Share of Baht 0.021 in Q2/2020 and a Loss Per Share of Baht 0.008 in H1/2020. See the document.

Latest Publications