KISS’s 3Q20 Earnings Jump 68%, Setting to Kick Off Its First Trading Day on Feb 19

Rojukiss International Public Company Limited (KISS) has reported its quarterly consolidated financial statement of 3Q20 through the Stock Exchange of Thailand as follows;

 

KISS reported a net profit of 43 million baht in 3Q20, an increase of 68.48% YoY, while a 9M net profit was 139 million baht, an increase of 4.20% YoY. 

 

At the end of March 2020, KISS was affected by the COVID-19 pandemic, resulting in a slowdown of total revenue of 10.9% and a net profit of 19.0% in the first quarter of 2020. However, in the second quarter of 2020, the COVID-19 pandemic became more intense, compounded by a countrywide lock-down in April, resulting in the closure of many department stores and shops as well as control of the arrival of people from foreign countries and domestic travel across provinces, in order to reduce the risk of the pandemic spreading. 

 

Nevertheless, KISS continued to gain revenues from convenience store distribution channels that were still open during that period, and from the launch of new high-quality products such as Rojukiss White Poreless Night Repair Serum and food supplements under the Rojukiss brand. As a result, KISS suffered less impact than the overall market.

 

For a nine-month period ended 30 September 2020, KISS has total assets of 922.8 million baht. The main components of assets are (1) cash and cash equivalents, (2) trade and other receivables, (3) contract assets, (4) inventory, (5) building and equipment, which accounted for 90.6% of total assets. An increase in KISS’s assets is in line with the growing performance of the company.