Post by account_disabled on Dec 23, 2023 4:40:51 GMT -6
BEAUTY reveals Q1 / 65 operating results, total income 112. 71 million baht, net loss 2. 92 million baht, decreased 80. 70 %, trend for 2nd quarter / 65 and the second half of the year . Business improved Moving forward to expand distribution points throughout the country. Adjust the image of the Beauty Buffet store and develop a new business model, sell shop licenses, aim to expand to 10 branches . Dr. Peeraphong Kitivechphokawat Chief Executive Officer of Beauty Community Public Company Limited ( BEAUTY), which operates a retail business selling cosmetics and skincare products under the concept of Live a Beautiful Life, revealed that the company's 1st quarter operating results of 2022 had a total income of 112.71 million baht.
Decreased 17.98% from the same period last year with total income of 137.41 million Email Marketing List baht and decreased 3.91% from the 4th quarter of 2021 with total income of 117.30 million baht, net loss of 2.92 million baht, decreased 80.70% from the same period last year. with a net loss of 15.13 million baht and a decrease of 65.40% from the 4th quarter of 2021 with a net loss of 8.44 million baht The decreased losses were a result of management restructuring. Expand effective distribution channels Ready to reduce costs Control expenses In addition, there are no expenses related to setting aside allowance for deteriorated products ( Stock Provision). However, the company's income If compared with the previous quarter and the same period last year. decreased slightly This is because the domestic trade system is still affected by the COVID- 19 outbreak and purchasing power has slowed due to the rising cost of living.
As for the accumulated loss at the end of the 1st quarter of 2022, it was 69.55 million baht, a decrease from the 4th quarter of 2021 which had an accumulated loss of 166.32 million baht, resulting from the reversal of the provision for retained earnings. End of the share repurchase project and reduction of registered capital by eliminating shares that cannot be repurchased and sold. From the share repurchase project to manage the company's financial structure Dr. Peeraphong discussed business trends for the second quarter of 2022 and the second half of the year that Operating results will tend to improve sequentially. From restructuring the business in the domestic market, we focus on expanding efficient distribution channels to continue reaching customer groups. Both through the channels of major cosmetics wholesalers in each region (Local Distributors), currently 13 have been appointed and have sales points covering the country, more than 1900 stores (as of the 2nd quarter).
Decreased 17.98% from the same period last year with total income of 137.41 million Email Marketing List baht and decreased 3.91% from the 4th quarter of 2021 with total income of 117.30 million baht, net loss of 2.92 million baht, decreased 80.70% from the same period last year. with a net loss of 15.13 million baht and a decrease of 65.40% from the 4th quarter of 2021 with a net loss of 8.44 million baht The decreased losses were a result of management restructuring. Expand effective distribution channels Ready to reduce costs Control expenses In addition, there are no expenses related to setting aside allowance for deteriorated products ( Stock Provision). However, the company's income If compared with the previous quarter and the same period last year. decreased slightly This is because the domestic trade system is still affected by the COVID- 19 outbreak and purchasing power has slowed due to the rising cost of living.
As for the accumulated loss at the end of the 1st quarter of 2022, it was 69.55 million baht, a decrease from the 4th quarter of 2021 which had an accumulated loss of 166.32 million baht, resulting from the reversal of the provision for retained earnings. End of the share repurchase project and reduction of registered capital by eliminating shares that cannot be repurchased and sold. From the share repurchase project to manage the company's financial structure Dr. Peeraphong discussed business trends for the second quarter of 2022 and the second half of the year that Operating results will tend to improve sequentially. From restructuring the business in the domestic market, we focus on expanding efficient distribution channels to continue reaching customer groups. Both through the channels of major cosmetics wholesalers in each region (Local Distributors), currently 13 have been appointed and have sales points covering the country, more than 1900 stores (as of the 2nd quarter).