Lee Pattana Group is principally engaged in
(1) manufacturing of animal feed
(2) crop drying, silo business and the distribution of raw materials for animal feed manufacture
(3) experimental farming and
(4) crop farming.
| 6M23 | 6M22 | 2022 | 2021 |
|---|
| Revenues | 1,464.03 | 1,758.22 | 3,385.29 | 3,788.10 |
| Expenses | 1,439.06 | 1,729.26 | 3,355.02 | 3,631.22 |
| Net Profit (Loss) | 30.03 | 25.23 | 29.65 | 136.08 |
| Assets | 3,013.97 | 3,055.06 | 3,051.44 | 3,237.52 |
| Liabilities | 310.35 | 360.22 | 339.22 | 446.98 |
| Shareholders' Equity | 2,675.25 | 2,665.93 | 2,683.33 | 2,760.57 |
| Operating | -4.46 | -54.79 | 101.65 | 90.02 |
| Investing | 0.93 | 176.05 | 55.15 | 121.94 |
| Financing | -45.61 | -127.08 | -135.65 | -180.96 |
| EPS (Baht) | 0.03 | 0.03 | 0.03 | 0.15 |
| GP Margin (%) | 6.59 | 6.35 | 5.81 | 7.57 |
| NP Margin (%) | 2.02 | 1.37 | 0.84 | 3.57 |
| D/E Ratio (x) | 0.11 | 0.13 | 0.13 | 0.16 |
| ROE (%) | 1.29 | 3.81 | 1.09 | 4.98 |
| ROA (%) | 0.87 | 3.56 | 0.96 | 4.92 |
- Conduct research and development to devise new quality products.
- Enhance manufacturing process with deployment of innovation.
- Create, consolidate, and expand customer bases.
- Respond to customers’ requirements and reach their maximum satisfaction.
In the writing process.
The operating results of Lee Pattana Group for Q2/2023 had a gross profit margin of 7.56%, which was slightly higher than Q2/2022, even though raw material costs and energy costs had continuously increased. The net profit was 30.71 MB, an increase of 56% from the same period of the previous year. Also, the earning per share was 0.03 Baht per share. However, the operating results tend to recover in the second half of 2023.
The Lee Pattana Group's performance in Q2/2023 showed an increase in net profit of 10.98 MB, or 56%, compared to the same period last year (YoY), primarily as a result of;
- Sales during the second quarter of 2023 totaled 730.89 MB, a 16% decline from the previous year, resulting in a 9.02 MB, or 14%, fall in gross profit.
- Dividend income amounted to 21.31 MB, an increase of approximately 17.28 MB from the same period last year.
- An increase in interest income of 2.11 MB due to an increase in interest rates and investments in other current financial assets.
The company's operating results for Q2/2023 revealed a net profit rise of 31.40 MB compared to the previous quarter (QoQ), as a result of;
- Due to more effective production cost management, sales rose by 31.23 MB, or 4%, and gross profit rose by 16.28 MB, or 42%, from the prior quarter.
- The amount of dividend income was 21.31 MB, up around 21.22 MB from the prior quarter.
- Financial assets had a loss calculated at fair value through profit or loss, up 4.94 MB from the prior quarter.
Overall performance for the six months of 2023 shows a 4.80 MB or 19% rise in net profit over the same period last year, mostly as a result of:
- Because sales dropped by nearly 18% from 2022, selling expenses fell by 1.26 MB, or 5%.
- Administrative costs fell by 6.61 MB, or 9%.
The Company's Board of Directors meeting No. 1/2023 approved a share repurchase project in the amount of 90 million shares with a maximum budget of not more than 240 MB, beginning from 2nd March to 1st September, to maximize the benefits of the Company's excess liquidity.
More information can be obtained in the Company's Annual Report 2022 (Form 56-1 One Report).
| as of 30/06/23 | LEE | AGRI | SET |
|---|---|---|---|
| P/E (X) | 89.20 | 8.34 | 17.96 |
| P/BV (X) | 0.78 | 0.78 | 1.46 |
| Dividend yield (%) | 1.32 | 7.43 | 3.12 |
| 30/06/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 2,102.57 | 2,213.23 | 2,489.89 |
| Price (B/Share) | 2.28 | 2.40 | 2.70 |
| P/E (X) | 89.20 | 29.81 | 17.34 |
| P/BV (X) | 0.78 | 0.83 | 0.95 |
