Post by account_disabled on Dec 27, 2023 0:59:47 GMT -6
SINGER's first quarter results are in beautiful form, with profits growing almost 118% to 87 million baht, with income of 802 million baht, growing 33%. General "Kittiphong Kanokvilairat" turned the crisis into an opportunity from the Work from Home measure and entering the summer. Supporting sales of air conditioners and electrical appliances to surge, while the customer base for money-making cars continues to grow. Along with controlling costs, expenses can be lower. Ready to set the goal of making car loans a star It is expected that this year we can release up to 2,000 million baht, growing exponentially from last year. Supporting the end of the year, the total loan portfolio reached 5,800 million baht, from 3,600 million baht last year. The portfolio grew more than 61%.
Overall, NPL decreased to 8%, not affected by the COVID-19 situation. Mr. Kittipong Kanokvilairat, President of Singer Thailand Public Company Limited or SINGER, revealed operating results for the first quarter of 2020 with a net profit of 87 million baht, an increase of 47 million baht or equivalent to 117.5% compared to The same WhatsApp Number List period last year was 40 million baht with total income of 802 million baht, an increase of 199 million baht or 33%, mainly due to an increase in sales income of 181 million baht. Most of them are selling oil containers. air conditioner and washing machines increased by approximately 70 million baht, 54 million baht, and 15 million baht, respectively. However, the company had distribution costs and administrative expenses of 284 million baht, an increase of only 8.8% from the previous year because sales revenue was much higher at 54.2% compared to the same period last year. While some administrative expenses are fixed expenses. As for the business trend in the quarter, it is expected to continue to grow.
Receive the benefits of the campaign to work from home or Work from Home and the weather entering summer. This results in demand for air conditioning products. and electrical appliances in various groups The demand has greatly increased, allowing the company to continue to create good growth. Even in the situation of the spread of the COVID-19 virus. But it didn't have any impact. with Singer's sales team located all over the country As for the loan business with vehicle registration as collateral, "money-making cars," the company carefully considers granting loans. With the goal of releasing car loans to make money this year, 2,000 million baht, compared to 1,500 million baht last year due to good interest rates. and low risk, with the NPL level at less than 1%. At the end of the first quarter of this year, the company had 119,984 car registration pawn debtors, an increase from the previous quarter.
Overall, NPL decreased to 8%, not affected by the COVID-19 situation. Mr. Kittipong Kanokvilairat, President of Singer Thailand Public Company Limited or SINGER, revealed operating results for the first quarter of 2020 with a net profit of 87 million baht, an increase of 47 million baht or equivalent to 117.5% compared to The same WhatsApp Number List period last year was 40 million baht with total income of 802 million baht, an increase of 199 million baht or 33%, mainly due to an increase in sales income of 181 million baht. Most of them are selling oil containers. air conditioner and washing machines increased by approximately 70 million baht, 54 million baht, and 15 million baht, respectively. However, the company had distribution costs and administrative expenses of 284 million baht, an increase of only 8.8% from the previous year because sales revenue was much higher at 54.2% compared to the same period last year. While some administrative expenses are fixed expenses. As for the business trend in the quarter, it is expected to continue to grow.
Receive the benefits of the campaign to work from home or Work from Home and the weather entering summer. This results in demand for air conditioning products. and electrical appliances in various groups The demand has greatly increased, allowing the company to continue to create good growth. Even in the situation of the spread of the COVID-19 virus. But it didn't have any impact. with Singer's sales team located all over the country As for the loan business with vehicle registration as collateral, "money-making cars," the company carefully considers granting loans. With the goal of releasing car loans to make money this year, 2,000 million baht, compared to 1,500 million baht last year due to good interest rates. and low risk, with the NPL level at less than 1%. At the end of the first quarter of this year, the company had 119,984 car registration pawn debtors, an increase from the previous quarter.