SNNP reports strong 9-month profit of 2023 with 30% growth. Launching new year-end’s Jele and Bento products to serve high season period, with confidence to achieve double-digit growth for this year
Srinanaporn Marketing Public Company Limited (SNNP) reported its nine-month performance of 2023 with the net profit growth 30%, reaching 471 million baht and the total revenue achieved 4,406 million baht, increased by 11% following the rise of sales volume and impressive response of new products, driving sales volume to grow considerably. “Wiroj Wachiradechkul”, Senior Executive Vice President, indicated new Jele and Bento products would be launched by year end to penetrate the market during high-season period, expecting new-high performance with confidence to drive revenue to achieve double-digit growth target.
Wiroj Wachiradechkul, Senior Executive Vice President of Domestic Business Division at Srinanaporn Marketing Public Company Limited (SNNP), a leading manufacturer of beverage and snack in Thailand disclosed the Company’s nine-month operating results of 2023 (ended September 30, 2023) with the net profit 471 million baht, increased by 108 million baht or 30 % growth from 363 million baht in the same period of the previous year, the total revenue was 4,406 millionbaht, increased 436 million baht or 11% from the total revenue of 3,970 million baht of the same period of the previous year.
In quarter 3/2023, the net profit was 160 million baht, increased 18 million baht, or 13 % from the same period of the previous year which was 142 million baht, the total revenue was 1,498 million baht, increase 11 million baht, or 1 % from the same period of the previous year which was 1,487 million baht.
The key drivers for the Company’s ongoing growth of the net profit came from an increase of revenue of all products, especially revenue from domestic and export markets. In addition, the Company had gradually launched new products with marketing strategy, product refreshing, as well as new launch of TV commercial, targeting consumer groups with favorable responses.
The performance of the operating results in quarter 4/ 2023, the high season of beverage and snack market, the Company focuses on “Jele Chewy Jelly Ice”, launched on November 1, 2023, its flagship product which generated the main revenue. It is believed that the product will extensively drive the jelly market while meeting the need of the new gen consumer. On the other hand, the Company is planning to launch the new “Bento” product of 2 flavors in November. The products will support the Company’s performance toward the end of this year to achieve another new high operating result.
The Company also keeps its goal to drive the revenue and profit growth to achieve double-digits growth, and also prepare to launch new products as planned for the year-end period business operation. Therefore, from the nine-month performance growth, confidently, the 2023 performance will provide revenue as targeted.
