Post by account_disabled on Dec 26, 2023 4:54:22 GMT
SINGER continues to break new records. Q3/2020 net profit grows 265.6% to 117 million baht. Revenue grows 43.5% to 868 million baht, supporting performance in the first 9 months of 2020. Net profit grows 157.3% to 319 million baht from Success in effective internal management The electrical appliance hire purchase portfolio continues to grow well. In addition, there was support from car loans that made money expanding the portfolio better than expected, supporting the overall NPL to continue to decline. or is approximately 5.1%, General of the Company Guaranteed to be in top form this year, prepare to organize an EGM to request approval on November 6, 2020 for the plan to issue and offer additional bonds of no more than 3,000 million baht to support the plan for the car portfolio to make money to grow exponentially in the future. Mr. Kittipong Kanokwilairat, President of Singer Thailand Public Company Limited or SINGER, revealed that operating results for the 3rd quarter of 2020 hit a record quarterly high in history. Continuing from the last quarter The net profit was 117 million baht, an increase of 265.6% compared to the same period last year of 32 million baht. Total income was 868 million baht, an increase of 43.5% compared to the same period last year of 605 million baht.
This was mainly due to increased sales revenue. In the group of electrical appliances such as air conditioners, together with the loan business with vehicle registration as collateral, "money-making cars" are growing strongly from the expansion of the sales team network, including fast approval and follow-up. from restructuring management Using technology to support Meanwhile, in the third quarter of this year, the gross profit margin was 44.6%, the net profit margin was 21.8%, achieved at a continuously good level. And the overall non-performing debt (NPL) was at 5.1%, decreased from 2Q/2020 and 1Q/2020. NPL was at 6.49% and 8.1% respectively, reflecting good management. and Telegram Number Data expanding the portfolio of money-making car loans with NPL levels as low as less than 1%. From such success Supporting the operating results for the first 9 months of 2020 (January - September 2020), the company had a net profit of 319 million baht, an increase of 157.3% compared to the same period of the previous year at 124 million baht, with total income of 2,591 million baht, an increase of 37.2% compared to the same period last year at 1,889 million baht. “SINGER can grow according to the plan. and does not affect the COVID-19 situation, including the overall situation in the country Because we have a strong sales team throughout Thailand. Not concentrated only in the city making it unaffected even when a crisis occurs Sales of electrical appliances are still growing, including the expansion of the car loan portfolio to make money is successful," Mr. Kittipong said. In addition, during the 3rd quarter of 2020, SINGER expanded its sales team and franchise branches.
Resulting in the current There are more than 2,000 sales representatives throughout the country, with 1,700 branches through franchises. From this year's plan there will be 2,000 branches, which is considered an important strength in expanding the market and serving customers in other provinces. To have access to the highest quality and most comprehensive credit products and services. Including marketing plans and creating promotions with Jay Mart Group. As of the 9-month period this year (end of September 2020), SINGER has a total loan portfolio of 5,474 million baht, divided into a hire purchase loan portfolio of 2,778 million baht and a car loan portfolio for making money (C4C) of 2,696 million baht, or a proportion of 50.7. % and 49.3%, respectively, of total loans. from a strong capital base and readiness to organize an expert sales team Therefore, we focus on expanding the money-making car loan portfolio (C4C) to grow more prominently by setting a goal at the end of the year. SINGER expects to have a money-making car loan portfolio of approximately 3,400 million baht, double the growth from the end of last year when there was a money-making car loan portfolio. at 1,500 million baht and supports this year's total loan portfolio to grow to 5,800 million baht from the end of last year, with a total portfolio of 3,600 million baht, or more than 61% growth as originally set.
This was mainly due to increased sales revenue. In the group of electrical appliances such as air conditioners, together with the loan business with vehicle registration as collateral, "money-making cars" are growing strongly from the expansion of the sales team network, including fast approval and follow-up. from restructuring management Using technology to support Meanwhile, in the third quarter of this year, the gross profit margin was 44.6%, the net profit margin was 21.8%, achieved at a continuously good level. And the overall non-performing debt (NPL) was at 5.1%, decreased from 2Q/2020 and 1Q/2020. NPL was at 6.49% and 8.1% respectively, reflecting good management. and Telegram Number Data expanding the portfolio of money-making car loans with NPL levels as low as less than 1%. From such success Supporting the operating results for the first 9 months of 2020 (January - September 2020), the company had a net profit of 319 million baht, an increase of 157.3% compared to the same period of the previous year at 124 million baht, with total income of 2,591 million baht, an increase of 37.2% compared to the same period last year at 1,889 million baht. “SINGER can grow according to the plan. and does not affect the COVID-19 situation, including the overall situation in the country Because we have a strong sales team throughout Thailand. Not concentrated only in the city making it unaffected even when a crisis occurs Sales of electrical appliances are still growing, including the expansion of the car loan portfolio to make money is successful," Mr. Kittipong said. In addition, during the 3rd quarter of 2020, SINGER expanded its sales team and franchise branches.
Resulting in the current There are more than 2,000 sales representatives throughout the country, with 1,700 branches through franchises. From this year's plan there will be 2,000 branches, which is considered an important strength in expanding the market and serving customers in other provinces. To have access to the highest quality and most comprehensive credit products and services. Including marketing plans and creating promotions with Jay Mart Group. As of the 9-month period this year (end of September 2020), SINGER has a total loan portfolio of 5,474 million baht, divided into a hire purchase loan portfolio of 2,778 million baht and a car loan portfolio for making money (C4C) of 2,696 million baht, or a proportion of 50.7. % and 49.3%, respectively, of total loans. from a strong capital base and readiness to organize an expert sales team Therefore, we focus on expanding the money-making car loan portfolio (C4C) to grow more prominently by setting a goal at the end of the year. SINGER expects to have a money-making car loan portfolio of approximately 3,400 million baht, double the growth from the end of last year when there was a money-making car loan portfolio. at 1,500 million baht and supports this year's total loan portfolio to grow to 5,800 million baht from the end of last year, with a total portfolio of 3,600 million baht, or more than 61% growth as originally set.