G-Able announces Q1/2569 financial results: net profit surges 1,226%.

G-Able announced its Q1 2569 financial results, reporting a 1,226% increase in net profit and achieving another record-high backlog. The company aims to continue driving growth in 2569.

GABLE Public Company Limited ( GABLE) announced its Q1 2569 operating results, showing continued growth with a net profit of 83 million baht, a 1,226% increase from the same period last year. The net profit margin improved to 5.4% from a net loss of 0.5% in the same period last year. This was primarily driven by increased revenue from sales and services, as well as higher gross profit, while selling and administrative expenses decreased significantly.

Furthermore, as of the end of Q1 2569, the Group had a record high sales backlog of 6,941 million baht, an increase of 15% from the same period of the previous year, reflecting its growth potential and ability to support future revenue recognition.

Dr. Chaiyuth Chunhacha, Chief Executive Officer of GABLE Public Company Limited, revealed that despite the challenges posed by volatility in both the Thai and global economies, including geopolitical factors affecting energy prices, the group continues to manage uncertainty effectively. Furthermore, the company is enhancing its operational agility and improving profitability.

Meanwhile, both the public and private sectors continue to invest in technology to increase efficiency, reduce costs, and enhance competitiveness. As a result, the group of companies was able to achieve improved performance in terms of net profit, net profit margin, and backlog, which reached a record high once again.

Ms. Raveerat Sajjawarodom, Chief Financial Officer and Head of Strategy at GABLE Public Company Limited, revealed that in the first quarter of 2016, the group's performance continued to grow, with revenue from sales and services reaching 1,504 million baht, an increase of 9 percent compared to the same period last year.

Gross profit was 290 million baht, an increase of 24 percent from the same period last year. The gross profit margin increased to 19.3 percent from 16.9 percent in the same period last year.

Selling and administrative expenses totaled 201 million baht, a decrease of 16 percent compared to the same period last year.

This resulted in a net profit of 83 million baht, an increase of 1,226 percent from the same period of the previous year. The net profit margin increased to 5.4 percent from a net loss of 0.5 percent in the same period of the previous year.

This reflects the increased profitability and operational efficiency in line with the company's operational strategy.

As of the end of Q1 2569, the Group had a record high sales backlog of 6,941 million baht, an increase of 15 percent from the same period of the previous year, supporting future revenue recognition.

For its 2569 business plan, the company aims for a 5-15% revenue growth compared to 2568. Furthermore, the company targets a gross profit margin of 20-21%, recurring income of 40-50%, and a backlog exceeding 6,500-7,500 million baht.

Given the company's consistent profitability and financial discipline, with no interest-bearing debt to equity and strong cash flow exceeding 1,300 billion baht, ready to support the group's growth, the company will invest in promising related businesses to enhance its competitiveness and create added value.

The Annual General Meeting of Shareholders approved the payment of an annual dividend for 2568 at a rate of 0.32 baht per share, representing a dividend payout ratio of 73% of total net profit.

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