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ICHI’s 1Q21 Earnings Drop 23% to ฿121Mn from Higher Cost of Sales and Lower Export Sales

1Q21 earnings of ICHI dropped 23% to 121 million baht due to higher cost of sales and softened export sales due to the Covid-19 situation.

A significant increase of revenue by 33% and a lower expected credit loss by 100% resulted in another quarterly record high of earnings for SINGER.

Due to the Covid-19 situation, ILINK managed to lower its selling expenses by 21% and booked higher net profit by 22.5% at 74.76 million baht.

A high growth in petro-related business and lower S&A expenses resulted in a turnaround for BCP to book 2.2 billion baht of profit in 1Q21.

A softened revenue and a lower gross profit margin in 1Q21 resulted in a drop of net profit from CPALL by 54% to book 2,599 million baht.

An improvement in gross profit margin from higher ASP helped TASCO to book 422 million baht of net profit in 1Q21.

OISHI reported Baht 140 million of Net profit in Q2/2020-2021 which declined by Baht 231 million or 62.3% from the same period of last year.

WHAUP posts 1Q21 net income with 200% rise from outperforming water business and expanding portfolio of solar energy.

WHA Group Q12021 Net Profits Growth at 35.7%. Growth remains in sight with positive signs of recovery for second half.

A short summary to inform investors of significant developments in the Thai stock market on May 12, 2021.

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