Minor International Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 12:31 am EST
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Minor International Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was THB 26,256.38 million compared to THB 14,142.79 million a year ago. Revenue was THB 35,153.93 million compared to THB 20,789.34 million a year ago. Net income was THB 4,607.94 million compared to net loss of THB 435.56 million a year ago. Basic earnings per share from continuing operations was THB 0.81 compared to basic loss per share from continuing operations of THB 0.16 a year ago. Diluted earnings per share from continuing operations was THB 0.8.
For the nine months, sales was THB 64,066.01 million compared to THB 28,660.85 million a year ago. Revenue was THB 88,174.54 million compared to THB 49,283.68 million a year ago. Net income was THB 2,375.71 million compared to net loss of THB 11,609.19 million a year ago. Basic earnings per share from continuing operations was THB 0.25 compared to basic loss per share from continuing operations of THB 2.46 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.