SABUY made a profit for 9 months of 2023 at 383 million baht, ready to close the TKC-AIT deal this November, expanding the ecosystem.

SABUY performs strongly, collecting total revenue for 9 months of 2023 at 7,564 million baht, growing 165% with a net profit of 383 million baht, with normal profits growing 91%, aiming to close the TKC-AIT deal to expand the group’s ecosystem.

Mr. Narongchai Wongthanavimok Chief Executive Officer of the Accounting and Finance Group of Sabai Technology Public Company Limited or SABUY revealed that in the 3rd quarter of 2022 the company had total income of 2,468 million baht, an increase of 111% from total income of 1,172 million baht from the same period of the previous year and Gross profit was 667 million baht, an increase of 297 million baht or 80%, with a gross profit margin of 27%, a decrease from 32%, but an increase from 24% in the second quarter of 2023. The main reason was a result of The Group has a wider range of products and services and has increased wholesale sales. which has different price competition markets

With an operating profit after additional business creation expenses of 203 million baht and a net profit for the period equal to 37 million baht, a decrease from the same period last year of 463 million baht, or 93%, mainly decreased from Gains from measuring the fair value of investments in previous years

As for the operating results for the first 9 months of this year which grows tall With total income of 7,564 million baht, an increase of 165% from total income of 2,850 million baht, and normal profit grew 91% from normal profit in the first 9 months of last year. and had a high net profit of 383 million baht, which was lower than the net profit of 964 million baht in the same period last year. This is because last year there was a high profit from investment valuation.

However, in order to increase efficiency and future performance, the company has taken measures to adapt, such as adding measures to select water filter customers in the installment payment system to make it even more strict. This allowance has been increased in preparation for future fragile economic conditions. Consider selling some businesses that do not promote the ecosystem and reduce duplication of operations by continuing to work according to the company structure plan. To add value and increase the ability to cope with future changes.

And the company will proceed according to the plan carefully and carefully to increase operating results in challenging economic conditions in order to satisfy customers and partners, including all stakeholders. next section

In this regard, the company Still believe in the operating plan, including controlling various expenses, which continues to move forward tightly. This is reflected in the ability to generate income that continues to be good. Even in difficult situations like today

For the 3rd quarter of 2023, the group of companies has increased income from the same main companies such as, SBNEXT, SABUY Market Plus, SABUY SPEED, SABUY Alliances, PTECH, BZB, and LOVLS, which are companies that have the potential to grow steadily. Continuing this quarter Including looking for new business opportunities. that enhances the company’s growth, such as adding touchpoints and B2C sales channels through the ShopDD platform and acting as a banking agent for Bangkok Bank in depositing and withdrawing cash through the company’s channels, etc.

In addition, the company has implemented a strategy emphasizing sustainability in personnel development. Risk control and internal audit Including improving the sales and service system according to the 7 SMART guidelines to increase income in Every product and service In addition, the company There has been a search for sales channels and new markets. Including holistic organizational restructuring emphasizing solution sales to be in line with the 7 SMART business plan, the company continues to maintain sustainable growth as targeted.

Sabai Group’s income growth in the third quarter of this year has grown significantly, including:

1. Revenue from new services was 696 million baht, an increase of 207 million baht or 42.3% from the same period last year. This is mainly due to income from SABUY SPEED which has expanded touchpoints to provide parcel delivery services nationwide.

This is in line with the condition of the parcel transportation business market in 2023 that is expected to grow at an average rate of 18% in line with the growth of the E-commerce market or a value of 115 billion baht in 2023, including an increase in income from outsourcing businesses and Service income from BZB’s CRM business, which has been invested since Q3/2022 and Q4/2022 onwards.

2. Sales income: had a value of 1,621 million baht, an increase of 1,055 million baht (or 187%) from the same period last year. This is mainly due to income from selling water filters and ice makers from SBNEXT and income from selling CRM systems from BZB and income from selling electrical equipment in installments from LOVLS, which has been invested since During Q3/2022 and Q4/2022 onwards

3. Income from contract services and interest received totaled 141 million baht, an increase of 38 million baht or 37% from the same period last year. which comes from the loan business and selling water filters and electrical equipment in installments Through the platforms of SBNEXT and LOVLS

Mr. Wirat Morakotkarn, Chief Executive Officer of SABUY Commercial and Investment Group, revealed that during the past 9 months of 2023, the company has continuously expanded its business and added partners. To cover and strengthen the ecosystem, including expanding and strengthening the potential (Synergy) of the group of companies. The business has been grouped into 6 main business groups: 1. Connext 2. Enterprise & Life 3. Payments & Wallet 4. Financial Inclusion 5. InnoTainment and 6. Venture, which has significant changes as follows:

1. Enterprise & Life Business Group: The Company has invested in S2SMART Company, which provides labor contracting services in the central region. To expand the business size for the SABUY Outsourcing group and has plans to invest further in the future.

2. Payments & Wallet Business Group: The Company has collaborated with Bangkok Bank (BBL) is the Banking Agent through SABUY COUNTER, which will be a service point for depositing and withdrawing cash through stores providing express delivery and receiving services throughout Thailand. Using the SABUY SPEED network with more than 150 cash deposit and withdrawal service points nationwide. and deposit services through top-up machines “Tem Sabai Plus” makes cash deposit-withdrawal transactions more convenient and easier.

3. InnoTainment Business Group: From the Company’s previous investment in AS, the Company has acknowledged and agreed to allow AS to invest in Bitkub Online (BO) in order to expand its Digital Platform, Exchange, and technology businesses. Blockchain at BO has great potential. To expand SABUY’s various business groups and invest in NIPA Cloud Company to increase the potential of Cloud and Digital Marketing Agency in Southeast Asia. and applied to the Digital Asset business, including the Digital Platform, especially with SABUY Digital and SABUY Infrastructure.

The company has raised the level of the ecosystem by investing with various partners in 2022, including SBNEXT, Asphere, SPEED (Drop-Off business group), LOVLS, BZB and others that are diverse and different in their businesses. Including the establishment of subsidiaries in the group When imported into the Company’s Ecosystem, it is able to meet the needs of all service users/customers in all target groups. Including effective management of unit costs.

In this regard, the stock exchange operation between TKC – AIT is currently in progress. and expects to complete the entire process by the end of November. This will strengthen the SABUY group in expanding its comprehensive services to large corporate customers.