Minor International Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 01:31 am EDT
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Minor International Public Company Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was THB 31,908.6 million compared to THB 25,310.28 million a year ago. Revenue was THB 40,588.35 million compared to THB 32,857.65 million a year ago. Net income was THB 3,255.13 million compared to THB 1,561.5 million a year ago. Basic earnings per share from continuing operations was THB 0.51 compared to THB 0.23 a year ago. Diluted earnings per share from continuing operations was THB 0.51 compared to THB 0.22 a year ago.
For the six months, sales was THB 55,908.2 million compared to THB 38,763.13 million a year ago. Revenue was THB 73,449.5 million compared to THB 53,974.11 million a year ago. Net income was THB 2,279.23 million compared to net loss of THB 2,232.23 million a year ago. Basic earnings per share from continuing operations was THB 0.26 compared to basic loss per share from continuing operations of THB 0.57 a year ago. Diluted earnings per share from continuing operations was THB 0.25.
Minor International Public Company Limited is a Thailand-based company engaged in the investment activities, hotels, restaurant operations, and distribution and manufacturing. The Company operates through four segments: Hotel, Mixed use, Restaurant and Retail. The Company operates hotels, resorts and serviced suites with a portfolio of over 530 hotels under the Anantara, AVANI, Oaks, Tivoli, Elewana, NH Collection, NH, nhow, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands. Its hotel and spa portfolio spans across 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas. The Company operates mixed-use business, including shopping plazas and entertainment, residential properties, and a points-based vacation club. It offers fashion and lifestyle products under various brands, including Anello, BergHOFF, Bossini, Charles & Keith, Joseph Joseph, Zwilling J.A. and Minor Smart Kids.