The Company and its subsidiaries have operated the business of manufacture and distribute sugar and molasses and related industries to by-products from sugar production, namely Electricity business, Ethanol business and organic fertilizer business.
| 6M24 | 6M23 | 2023 | 2022 |
|---|
| Revenues | 7,697.88 | 10,176.86 | 18,695.46 | 16,654.13 |
| Expenses | 6,406.95 | 8,789.99 | 17,297.33 | 14,769.21 |
| Net Profit (Loss) | 837.97 | 956.38 | 903.59 | 1,321.22 |
| Assets | 47,730.66 | 45,412.18 | 39,798.43 | 41,649.94 |
| Liabilities | 25,685.61 | 24,412.12 | 18,221.63 | 20,286.63 |
| Shareholders' Equity | 21,548.19 | 20,509.39 | 21,094.25 | 20,890.35 |
| Operating | -4,835.67 | -1,689.99 | 2,908.25 | 2,427.90 |
| Investing | -1,536.68 | 539.81 | -454.74 | -44.20 |
| Financing | 6,292.31 | 1,431.85 | -2,500.48 | -2,333.86 |
| EPS (Baht) | 0.19 | 0.22 | 0.20 | 0.30 |
| GP Margin (%) | 22.56 | 18.74 | 14.19 | 17.08 |
| NP Margin (%) | 11.08 | 9.58 | 4.92 | 7.98 |
| D/E Ratio (x) | 1.17 | 1.16 | 0.84 | 0.95 |
| ROE (%) | 3.73 | 7.50 | 4.30 | 6.53 |
| ROA (%) | 3.32 | 5.22 | 3.79 | 5.17 |
The company due to build a sugar factory and a new biomass power plant in Phakkha subdistrict, Watthana Nakhon district, Sa Kaeo province has been under a construction and expected to be completed by the end of 2024. With a production capacity of 20,000 tons of cane/day, the KSL sugar production capacity will increase at least 15%. As a result, the revenue will be improved in the future.
“Creating Sustainable Happiness" is the goal of KSL's business operations. By using the philosophy of sufficiency economy of the King Rama 9 as a guideline in conjunction with the use of a Bio-Circular-Green Economic Model (BCG Model), that focuses on business operations while balancing the environment preservation at the same time. In addition, following the principles of good governance to enhance the quality of life for all stakeholders, the company will sustainable grow its business following the SDGs (Sustainable Development Goals) under the ESG framework that focuses on creating value in 3 dimensions: Environment, Social and Corporate Governance.
KSL expanded its business by launching the Low GI sugar "the first and only in Thailand". It retains natural polyphenols in sugar cane that slows the metabolism of sugar into the blood stream. This is guaranteed by Nucane’s patent production technology. The result was scientifically proven to have a low glycemic index according to ISO 26642:2010 Low Glycemic Tests. Kane's Low GI sugar can reduce the risk of overweight and obesity and can be a new choice for healthy lifestyle groups.
The Company and its subsidiaries had the performance for the six-month period of the year 2024, had a net profit in the amount of THB 838 million which decreased by 12% comparison with the previous year's corresponding period. That decrease was in sugar sales volume by 49%, while the average sugar sale price increase by 26%, causing the gross profit margin to increase from 18.74% to 22.56%. The distribution costs was decrease by 54% from sugar sales volume by decrease. Including the finance cost that increase by 33% from increased interest rates. As a result, the operating results in profit decrease.
In 2023, the Company expanded the market by creating Kane’s brand, which is a special product development called low-GI sugar (Low Glycemic Index Sugar). Low-GI sugar is sugar produced from 100% natural sugarcane. Low-GI sugar is what maintains low sugar levels in the blood. This low-GI sugar is suitable for consumers who want to control their sugar levels. At present, the Company has begun selling low-GI sugar under Kane’s brand through several retail channels, such as Shopee, Lazada, and leading department stores.
Khon Kaen Sugar Industry Public Company Limited recognizes the significance of risk management with the shifts from internal and external factors that possibly impact the business. International standards of risk management (COSO Enterprise Risk Management Framework: COSO ERM Framework) have been applied to the whole organization to support and reduce impacts from risks that might obstruct the objective. we had prepared for critical circumstances that may lead to business interruption by establishing business continuity management together with requiring companies under the direction of KSL to set up the same system. The strategy also involves analyzing meaningful activities, and the impact of business interruption, including evaluating and designing risk management plans. Moreover, crisis management and emergency response guidelines are also involved.
- KSL perfectly scored (100%) in the quality assessment of the organization of the annual general meeting of stakeholders of 2024 for the 5th consecutive year. (Unofficial)
- KSL was awarded the "Sustainability Disclosure Recognition" award on 2023 for the 4th consecutive year and received a "BBB" rating in the SET ESG Ratings evaluation for the 1st year.
- Renewal of the 3rd Thai Private Sector Collective Action Against Corruption (CAC).
- Awarded Green Industry Level 4 Green Culture Green Culture by the Ministry of Industry.
- White sugar and refined sugar have been Certified Carbon Footprint Reduction Label.
- Received certification quality system ISO9001:2015, ISO22000:2005, ISO22000:2018, GMP, HACCP, FSSC22000, Halal, Kosher, Bonsucro and environmental governance.
- Award "Thailand's Capital Market Sustainability Model Organization for Supporting Persons with Disabilities".
| as of 30/04/24 | KSL | FOOD | SET |
|---|---|---|---|
| P/E (X) | 11.94 | 114.58 | 17.95 |
| P/BV (X) | 0.49 | 1.56 | 1.32 |
| Dividend yield (%) | 2.10 | 2.68 | 3.40 |
| 30/04/24 | 31/10/23 | 31/10/22 | |
|---|---|---|---|
| Market Cap (MB) | 10,496.35 | 12,613.27 | 16,406.07 |
| Price (B/Share) | 2.38 | 2.86 | 3.72 |
| P/E (X) | 11.94 | 14.90 | 11.60 |
| P/BV (X) | 0.49 | 0.60 | 0.78 |
