FINANCIAL PERFORMANCE IN 9M22

Overall operating revenue
THB mn
(up by 8.6% YoY)
Gross profit
THB mn
representing 44.5% of operating revenue
SG&A expenses
THB mn
representing 26.8% of operating revenue
Reported net profit
THB mn
(up by 27.3% YoY)

FINANCIAL HIGHLIGHTS

TOTAL OPERATING REVENUE
(Unit: THB mn)
TOTAL ASSETS
(Unit: THB mn)
TOTAL PROFITS
(Unit: THB mn)
Figures in THB mn
Consolidated Income Statement
2019 2020 2021 9M22
Operating Revenue 11,130 12,589 14,136 11,802
Gross profit 4,578 4,986 5,911 5,248
Selling and Admin. exp (SGA) 3,176 3,299 3,769 3,167
SGA (% to revenue) 28.5% 26.2% 26.7% 26.8%
Net Profit (Adjusted) of core business1 1,293 1,462 1,882 1,881
(% to revenue) 11.6% 11.6% 13.3% 15.9%
Long term employee benefit (41) - - -
Net foreign exchange gain/(loss) (78) 18 119 2
Net losses from new businesses2 (36) (91) (60) (43)
Net profits 1,139 1,388 1,941 1,840
Operating cash inflow 1,495 1,629 2,727 974
% to net profits 131.3% 117.4% 140.5% 52.93%
Cash cycle (days) 129 126 124 128
Revenue by segments
Mega We Care  business 5,476 5,848 6,909 5,991
Maxxcare business 5,414 6,502 6,906 5,568
OEM 239 239 320 243
Figures in THB mn
Consolidated Balance Sheet
2019 2020 2021 9M22
Cash and bank balances3 1,455 1,218 2,531 1,958
Trade accounts receivable 2,539 2,507 2,557 3,414
Inventories 2,868 3,489 3,823 3,984
Property, plant and equipment4 1,802 1,985 1,874 1,963
Intangible assets5 992 1,312 1,353 1,388
Other assets 877 1,046 1,134 1,368
Total Assets 10,533 11,557 13,272 14,074
Debt 888 499 168 258
Trade Payables 2,020 2,048 2,527 2,731
Other Liabilities 1,450 2,031 2,552 2,555
Total Outside Liabilities 4,358 4,578 5,247 5,544
Shareholder Equity 6,175 6,979 8,025 8,530
Total Liabilities and Equity 10,533 11,557 13,272 14,074
Key Balance Sheet elements
Net cash/(debt) 567 718 2,363 1,700
Net investment capex6 540 646 142 218
Net debt/Equity (times) (0.09) (0.10) (0.32) (0.21)

Remark:

  1. Net profit (Adjusted) are net profit adjusted for non-recurring items, forex gains or losses, impacts from newly started businesses (includes startups and projects with gestation) to reflect normal business performance.
  2. Cash and bank balances as at balance sheet dates include non - restricted term deposits with banks.
  3. Property, plant and equipment includes assets classified as investment property in audited financial statement.
  4. Intangible assets includes goodwill arising from business combination in 2016 and 2020.
  5. Net investment capex includes investment in property plant and equipments, business acquisitions and investment in joint ventures and associates.