Supalai Public Company (SPALI) Q3 2024 earnings summary

Executive summary

• Revenue and net profit increased significantly year-over-year for both the three-month and nine-month periods ended 30 September 2024.

• Strong performance in real estate sales drove overall growth, with additional contributions from rental and service income.

• Comprehensive income was impacted by negative exchange differences but supported by gains in equity instruments.

Financial highlights

• Three-month consolidated revenue: THB 9,984.7 million (up from THB 7,192.1 million year-over-year).

• Three-month net profit: THB 2,003.2 million (up from THB 1,203.5 million year-over-year).

• Nine-month consolidated revenue: THB 22,791.6 million (up from THB 21,537.8 million year-over-year).

• Nine-month net profit: THB 4,256.1 million (up from THB 4,027.7 million year-over-year).

• Basic EPS for nine months: THB 2.15 (up from THB 2.03 year-over-year).

Outlook and guidance

• Management is assessing the impact of new international tax rules (Pillar Two) but expects no significant effect from new accounting standards effective 2025.