ACG Q2 2569 profit surges 81.99% on flood-damaged car repairs

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AutoCorp Holding Public Company Limited, or ACG, reported net profit of 11.72 million baht for the second quarter of 2569, up 81.99% from 6.44 million baht in the second quarter of 2568. For the first six months, net profit was 21.80 million baht, up 27.04% from 17.16 million baht in the same period last year. Although total revenue in the second quarter of 2569 fell 5.02% to 294.70 million baht, total expenses dropped 6.97% to 275.80 million baht, pushing the net profit margin up to 3.98% from 2.08% in the same quarter a year earlier. For the first six months of 2569, ACG had total revenue of 614.15 million baht, down 11.98% from 697.76 million baht. Its maintenance and spare parts business generated revenue of 344.84 million baht, up 2.88%, with second-quarter 2569 revenue alone at 178.37 million baht, up 8.45%. Meanwhile, the Fast Fit express service center business for all car brands, under AutoClick by ACG Company Limited, posted first-half revenue of 100.24 million baht, down slightly 1.52%, though second-quarter 2569 revenue rose 1.22% to 50.46 million baht. The recent flooding in Bangkok and several provinces damaged a large number of submerged vehicles, drawing attention to whether AutoClick by ACG will benefit from repairs to affected cars. Book value per share stood at 1.22 baht.

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Consumer Discretionary▲ · 1 stocks