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P.S.P.Specialties Public Company Limited(PSP)宣布了截至2024年3月31日的2024年第一季度稳健的财务业绩,显示净利润与去年同期相比显著增长了338%。该公司2024年第一季度的净利润达到1.85亿泰铢(500万美元),高于2023年第一季度4214万泰铢(100万美元)。这一大幅增长得益于销量增加、平均销售价格上涨以及成本效率提高。
主要财务亮点
总收入:增长13.93%,达到35.04亿泰铢(9520万美元)
毛利润:增长47.40%,达到1827万泰铢(1130万美元)
净利润:增长338%,达到18453万泰铢(500万美元)
毛利率:从9.23%提高到11.94%。
该公司将其出色的业绩归功于国内外对其润滑油产品、润滑脂、橡胶加工油和变压器油的强劲需求。PSP的客户在2024年第一季度发起了促销活动,提高了销售额。
公司概况
PSP是领先的润滑油产品和解决方案供应商。PSP总部位于泰国曼谷,专门生产和分销各种润滑油,包括汽车和工业用油、润滑脂、橡胶加工油和变压器油。该公司在当地和国际上都拥有强大的市场影响力,以高质量、创新的产品服务于不同的行业。PSP 致力于研发,确保其始终处于行业前沿,满足客户不断变化的需求并保持竞争优势。
截至2024年3月31日,PSP的债务较上年有所减少。他们的负债股权比率现在是1.14,这意味着他们的债务与权益相比有所减少。这种改善主要是因为该公司偿还了一些贷款,从而降低了他们的欠款。与此同时,该公司股票的价值也有所增加。然而,尽管第一季度财务业绩强劲,PSP的股价目前仍为5.55泰铢(0.15美元),低于其首次公开募股价格6.20泰铢(0.17美元)。
PSP 于 2023 年 8 月 30 日在泰国证券交易所 (SET) 正式上市,首次公开募股 (IPO),共发行 3.5 亿股,募资约 21.7 亿泰铢(5900 万美元)。此次IPO约占公司总股本的25%,使上市股票总数达到14亿股。
未来展望
PSP对其未来的增长前景仍持乐观态度。该公司计划将首次公开募股筹集的资金用于提高生产流程效率,偿还金融机构的贷款,并作为未来扩张的营运资金。PSP的战略重点包括提高高利润产品的销售比例,并探索新的市场机会,如电动汽车润滑油和生物变压器油。
有关更多详细的财务信息,请参阅PSP 2024年第一季度财务报告。
PSP reports more than threefold growth in Q1 2024 profits
P.S.P. Specialties Public Company Limited (PSP) has announced robust financial results for the first quarter of 2024 ending March 31, 2024, showcasing a remarkable 338% increase in net profit compared to the same period last year. The company’s net profit for Q1 2024 reached THB185 million (USD5 million), up from THB42.14 million (USD1 million) in Q1 2023. This substantial growth was driven by increased sales volume, higher average selling prices, and improved cost efficiencies.
Key financial highlights
Total Revenue: Increased by 13.93% to THB3.504 billion (USD95.2 million)
Gross Profit: Rose by 47.40% to THB418.27 million (USD11.3 million)
Net Profit: Achieved a 338% increase to THB184.53 million (USD5 million)
Gross Profit Margin: Improved from 9.23% to 11.94%.
The company attributed its impressive performance to strong demand for its lubricant products, grease, rubber processing oil, and transformer oil, both domestically and internationally. PSP’s customers launched promotional campaigns that boosted sales volume during the first quarter of 2024.
Company overview
PSP is a leading provider of lubricant products and solutions. Headquartered in Bangkok, Thailand, PSP specialises in the production and distribution of a wide range of lubricants, including automotive and industrial oils, greases, rubber processing oils, and transformer oils. The company has a strong market presence both locally and internationally, serving diverse industries with high-quality, innovative products. PSP’s commitment to research and development ensures that it stays at the forefront of the industry, meeting the evolving needs of its customers and maintaining a competitive edge.
As of March 31, 2024, PSP has reduced its debt compared to the previous year. Their debt-to-equity ratio is now 1.14, meaning they have less debt compared to their equity. This improvement is mainly because the company paid off some loans, which lowered the amount they owe. At the same time, the value of the company’s shares has increased. However, despite its strong Q1 financial results, PSP’s share price currently trades at THB5.55 (USD0.15), below its IPO price of THB6.20 (USD0.17).
PSP launched its initial public offering (IPO) and was officially listed on the Stock Exchange of Thailand (SET) on August 30, 2023. The company offered 350 million shares, raising approximately THB2.17 billion (USD59 million) in total. This IPO represented around 25% of the company’s total shares, bringing the total number of listed shares to 1.4 billion.
Future outlook
PSP remains optimistic about its future growth prospects. The company plans to use the funds raised from its IPO to improve production process efficiency, repay financial institutions’ loans, and serve as working capital for future expansion. PSP’s strategic focus includes increasing the proportion of sales from high-margin products and exploring new market opportunities, such as lubricants for electric vehicles and bio-transformer oils.
For more detailed financial information, please refer to the PSP Q1 2024 Financial Report.