United Palm Oil Industry Public Company (UPOIC) Q3 2024 earnings summary

Executive summary

• Interim financials for the nine months ended 30 September 2024 were reviewed with no material misstatements found.

• The group operates mainly in oil palm plantation, crude palm oil, and crude palm kernel oil processing in Thailand.

Financial highlights

• Total revenue for the nine months was THB 1,571.8 million, up from THB 1,184.0 million year-over-year.

• Net profit for the nine months was THB 115.5 million, compared to THB 117.4 million in the prior year.

• Basic EPS for the nine months was THB 0.36, unchanged from the prior year.

• Cash and cash equivalents increased to THB 206.9 million from THB 118.9 million at year-end 2023.

• Total assets stood at THB 1,729.0 million as of 30 September 2024, down from THB 1,842.7 million at year-end 2023.

Outlook and guidance

• Management expects no significant impact from new or revised accounting standards effective in 2024 and 2025.

• No material changes in business composition or litigation during the period.