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 : 23 May 2022 16:38

SITHAI (THB)

1.35

Change(% Change)

+0.03(2.27%)

Volume (Shares)

28,673,896

Bid Price / Volume (Shares)

1.35 / 358,900

Day's Range

1.30 - 1.36

Open

1.34

Prior

1.32

52 Weeks' Range

1.03 - 1.73

Summary of Operating Results of the Group

This year, the Group’s total operating result improved significantly compared with last year, net profit attributable to the equity holders of the Company of Baht recorded 181 million (2020: net loss of Baht 92 million), increased by 296.7% YoY. The Group’s revenues also increased by Baht 637 million (+9.3%) to Baht 7,510 million from last year. This was primarily attributable to sales improvement in industrial and household products from both domestic and overseas operations, the recovery of exports and economic activities & events as well as further easing of Covid-19 measures in Vietnam and India backing 4th quarter performance. As a result, income of the Group increased.

Gross profit for 2021 amounted to Baht 927 million, increased by Baht 213 million (+29.8%) YoY and gross profit margin increased from 10.4% in 2020 to 12.3%. This resulted from the Group’s internal restructuring, better costs and expenses management including raw material procurement planning and improvement of production efficiency, despite the surge in price of raw materials compared with the previous year.

The Group’s operating profit for 2021 amounted to Baht 157 million, representing 2.1% of revenues, compared with operating loss amounting to Baht 44 million or negative 0.6% of revenues in 2020.

Earnings before interest, tax, depreciation and amortization (“EBITDA”) in 2021 amounted to Baht 926 million or EBITDA margin of 12.3%, increased by Baht 181 million (+24.3%) YoY (2020: EBITDA margin of 10.8%). Profit Per Share was Baht 0.067 for 2021, an increase from a Loss Per Share of Baht 0.034 in 2020. See the document.

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