DOHOME delivers bright H2/66 work to welcome the new government, investing 3 billion baht to expand 9 new branches : InfoQuest

stock news4:35 p.m.2023-05-17

Mrs. Salilthip Ruangsuthipap Deputy Managing Director of Accounting, Finance and Corporate Support Do Home Public Company Limited (DOHOME) revealed that the company expects that in the second half of this year, purchasing power will continue to improve after the completion of the new government. The company expects same-store sales to grow by 1 digit in line with the trend of economic growth (GDP) in Thailand improving.

In the second quarter of 2023, the same store sales growth rate (SSSG) is expected to be negative 5 – 7%, down from the negative 1Q/23 by 8.96% due to a delay in construction budget spending during the election period resulting from Budget disbursement slowed down.

However, the electricity cost factor has increased. The company has a control over the use of electricity in the company to control such expenses. In addition, concerns about the policy of raising the minimum wage of the government. The company estimates that it will not affect much. Because the wages are currently paid at a level higher than the minimum wage already.

In addition, in the year 2023, the company invested 3,000 million baht in expanding more branches. by expanding 3 large branches in Chiang Rai Phra Nakhon Si Ayutthaya Province and Pathum Thani Province, spending a budget of 500 million baht per branch. And expanding a small branch or see Home To Go 6 branches in Bangkok and perimeter The investment budget is about 10 million baht per branch. The company has set a goal in 2025 to have 36 major branches, covering all areas in major cities. throughout Thailand

In Q1/2023, the company had total income of 8,514.62 million baht, an increase of 154.71 million baht or 1.9% YoY and a net profit of 258.35 million baht or a net profit margin of 3%, down 43.8% YoY.

On the occasion of the 40th anniversary, DOHOME organizes a special campaign “See Home Celebrates the 40th Anniversary of Better Together: Complete, Cheap, Good Forever”, organizing promotions and activities at all branches nationwide. To win prizes worth more than 3 million baht, such as pickup trucks, motorcycles and many other prizes between June 2 – December 31, 2023

By InfoQuest News Agency (17 May ’23)

Tags: DOHOME, See Home, Salilthip Ruangsuthipap, Thai stocks