Report of operating result of Q2/2024 (Summary)

Report of operating result of Q2/2024

In 2Q24, the Company posted THB 1,491.52 million in sales, increased by THB 242.15 million or 19.38% from the same period last year. Majority of sales (59.45%) came from exports to international markets and sales from foreign subsidiaries of the Company (Myanmar, United Kingdom and Australia).

Cons was 49%, Flexs was 26%, Paper was 8%, and Others was 17% of Total revenue in 2Q24.

Cost of Sales of 2Q24 was THB 1,256.77 million, increased from prior year THB 165.54 million or 15.17%, resulted from Sales growth and higher raw material price.

The Company recorded its profit at THB 65.33 million increased from THB 18.54 million in the same period of last year.

In 2Q24, the Company recognized a loss from impairment of goodwill and raw material inventory from the decision to close TPBIMS in Myanmar at THB 18.06 million.

EBITDA increased by THB 55.58 million or by 52.78% YoY. The Company intends to increase profitability and sales by strengthen utilization rate and operating results of the Company.