Chumporn Palm Oil Industry (CPI) Q3 2024 earnings summary

Executive summary

• Revenue for the nine-month period ended 30 September 2024 was ฿4,134.6 million, up from ฿3,843.0 million year-over-year.

• Net profit for the nine-month period was ฿262.1 million, a significant increase from ฿137.5 million year-over-year.

• The company maintained strong liquidity, with cash and cash equivalents rising to ฿128.1 million as of 30 September 2024.

Financial highlights

• Q3 2024 revenue was ฿1,359.2 million, up from ฿1,252.9 million in Q3 2023.

• Q3 2024 net profit was ฿135.4 million, compared to ฿27.9 million in Q3 2023.

• Gross margin improved as cost of sales increased at a slower rate than revenue.

• Basic EPS for the nine-month period was ฿0.414, up from ฿0.217 year-over-year.

• Operating cash flow for the nine-month period was ฿337.7 million, down from ฿584.5 million year-over-year.

Outlook and guidance

• Management expects no significant impact from new financial reporting standards effective in 2025.

• The company continues to hedge commodity and currency risks to manage volatility.