BEAUTY Community Public Company Limited (BEAUTY) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:
In the first quarter of 2019, BEAUTY recorded the net profit in the amount of THB 69.55 million decreased 75.37% YoY, when compared to the net profit in the amount of THB 282.41 million in the first quarter of 2018.
The Net profit decreased mainly from the falls in both revenue and gross margin, but Beauty can effectively control the costs, and BEAUTY is still on the Cost Saving Program policy strictly in order to maintain the company overall efficiency.
Nonetheless, Beauty will continue to consistently develop new products for our customers to strengthen our brand even further whether in the domestic or international levels. More importantly, new products are developed to support the increasing number of Chinese tourists in 2019 and to also prepare for international expansions, such as CBEC and General Trade (Online & Offline). These changes have been in effect since the end of last year. The countermeasures should be in fruition in the second half of this year.
More importantly, we, Beauty will no longer rely on a single market, such as Malaysia, Singapore, Philippines, Indonesia, Myanmar, Vietnam, Laos, and India has recently been appointed. Although the overseas portion is not a large proportion but will imminently be better.