HMPRO’s Sales and Rental Income Push 1Q19 Profit Up by 14% to ฿1.42 Billion!
HMPRO’s net profit for the first quarter of year 2019 was THB 1,419.84 million, increased THB 171.37 million or 13.73% YoY mainly due to higher income.
Home Product Center Public Company Limited (HMPRO) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
HMPRO’s net profit for the first quarter of year 2019 was THB 1,419.84 million, increased THB 171.37 million or 13.73% YoY mainly due to higher income.
Sales income was THB 15,399.76 million, increased THB 525.01 million or 3.53%, which was driven by same store sales growth (SSSG) of HomePro and Mega Home as well as sales from new stores of HomePro opened in 2018.
HMPRO’s Rental and service income amounted to THB 657.95 million, an increase of THB 58.62 million or up by 9.78%, which resulted from higher rental income from Market Village and income from Home Service.
Meanwhile, the company recorded other income at THB 495.30 million, increased THB 69.04 million or 16.20% due to growth in income from promotional activities with suppliers, higher interest received, and miscellaneous income.