President Bakery Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 05:35 am EST
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President Bakery Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was THB 1,966.24 million compared to THB 1,992.79 million a year ago. Revenue was THB 1,975.51 million compared to THB 2,004.4 million a year ago. Net income was THB 451.33 million compared to THB 480.69 million a year ago. Basic earnings per share from continuing operations was THB 1 compared to THB 1.07 a year ago.
For the nine months, sales was THB 5,561.95 million compared to THB 5,554.26 million a year ago. Revenue was THB 5,607.42 million compared to THB 5,587.18 million a year ago. Net income was THB 1,221.7 million compared to THB 1,245.48 million a year ago. Basic earnings per share from continuing operations was THB 2.71 compared to THB 2.77 a year ago.
President Bakery Public Company Limited is engaged in the manufacture and sales of bakery products. The Companyâs business is divided into four business lines: Wholesale bakery business; Retail bakery business, Fast-food business, and international sales. The Wholesale bakery business sells products, such as sliced breads, burger buns, hot dog buns, ready-to-eat bread such as stuffed bread, instant sandwiches, cakes, and other bakery products. The products are distributed under Farmhouse trademark. The Retail bakery business is engaged in selling products to bakeries, such as Deliya by Farmhouse, cakes by Madame Marco, Good Morning Farmhouse (sandwich selling franchise) and Farmhouseâs mooncakes. The Fast-food business is engaged in selling products, such as burger buns, hot dog buns, sliced breads, French breads, croissants, biscuits, and pizza dough. International sales (through domestic traders) bread crumb products Including sliced bread ready-to-eat bread and other bakery.