Mr. Yew Hock Kou, Chief Executive Officer of SISB Public Company Limited (SISB) said that the performance trend in the year ’20 is expected to recover. After the COVID-19 epidemic situation Began to unravel As a result, the group of companies began to resume normal teaching on February 1, 2021 in accordance with the announcement of the Ministry of Education that allows regular learning. This will help drive revenue and profit recovery this year, targeting 150-200 more students from the end of 4Q20 to a total of 2,638 students.
“The Group is confident that after the COVID-19 epidemic situation has resolved and the economy has returned to normal. Will drive parents into contact To send more children to SISB schools, “SISB Chief Executive Officer said.
For the progress in business expansion “Singapore International School Thonburi” Phase II is expected to be completed and can accept additional students in August, which will increase the capacity to accommodate an additional 600 students and will result in the overall picture. Company group Can accommodate more than 4,500 students. SISB schools in Nonthaburi province. It is currently under design. Prepare for the construction of additional schools on land 14.8 rai, with construction expected by the middle of this year.
The Group’s operating results in the year 2020 were affected by the COVID-19 epidemic situation, resulting in a decrease of 4.67% in revenue to 1,076.52 million baht and net profit (before special items) decreased 13.12. % Is at 191.90 million baht, but in 4Q20 results started to return to normal. Total revenues were 295.18 million baht and net profit returned to New Heights at 68.08 million baht. There has not yet been a tuition increase in August 2020 due to the impact of the COVID-19 epidemic.
The 4Q20 net profit increased 137% from 3Q20 and a 3.18% increase in 4Q19.
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