HomePro grows by 8.44 per cent in the first half-year

HomePro raised its total revenues in the 2nd quarter of 2022 by 2.08 per cent to Baht 17 307.56 mio. (approx. EUR 464.05 mio.), an increase of Baht 353.26 mio. Therefore, the total revenue for the first half of 2022 was Baht 33 980.07 mio. (approx. EUR 912.02 mio.), 8.44 per cent more as compared with the previous year. The results were published by the company to the Thai stock exchange.

For the first half of 2022, revenue from contracts with customers which comprised product sales revenue and service income of Home Service was Baht 32,079.54 mio., representing an increase of Baht 872.83 mio. or up 2.80 per cent year-over-year. As the company states, the revenue increase was contributed by a moderate recovery in consumption in tourist-dominated regions as well as partly a result of the government stimulus measure “Shopping and Payback (Shop Dee Mee Kuen)”, which boosted spending by customers in February. Rental and service income amounted to Baht 815.62 mio., an increase of Baht 188.65 mio. or up 30.09 per cent from the previous year. In the second quarter of 2022, Thailand faced economic pressure from surging price inflation, which at 7 per cent reached the highest level for 14 years.

The company’s net profit for the first half of 2022 was Baht 3,031.02 mio. (approx. EUR 81.22 mio.), representing an increase of Baht 235.96 mio. or up 8.44 per cent as compared with the previous year.

As of the second quarter of 2022, the company operated 87 HomePro stores, 6 HomePro S and 14 Mega Home stores, as well as 7 stores of HomePro Malaysia. No new stores were opened during the first half of 2022 either in Thailand or abroad. The financial result covered up to 30 June 2022.