SABUY Reports Q2/2022 Earnings with 356 Million Baht Profit, Soaring 657% and Strong Revenue of 756 Million Baht, Emphasizing Lifestyle Business Strategy to Strengthen Management Team and Build a Kingdom, Aiming for 'Awake Until Sleep, Life of Comfort'

SABUY Public Company Limited has announced its Q2 2022 financial results, showing continuous growth in revenue and profit. SABUY reported total revenue of 756 million baht (up 95%) and a net profit of 356 million baht (up 657%) compared to the same quarter last year. The company is advancing its technology and lifestyle business to expand the SABUYVERSE ecosystem across all formats while strengthening its management team to fulfill the concept of 'Awake Until Sleep, Life of Comfort' for society.

Mr. Chookiat Rujjanapornpaji, CEO of SABUY Public Company Limited, stated, "We are pleased to report our Q2 2022 results, with total revenue of 756 million baht, an increase of 369 million baht or 95% compared to the same period last year. We achieved a gross profit of 215 million baht, up 19% from the previous year, and a net profit of 356 million baht, an increase from 309 million baht or 657% from the previous year, resulting in a net profit margin of 47%. SABUY recognized profits from investments in various companies within the SABUY group, which consists of six business sectors:
1. Payments and Wallet - electronic payment and financial system services
2. Enterprise & Life - services for organizations and lifestyle with consumer understanding
3. Connext - distribution channels connecting to all customer groups
4. Financial Inclusion - loan and insurance services
5. InnoTainment - media innovation, digital media, and networks
6. Venture - investment business to support sustainable growth.

The company is committed to achieving a revenue target of 5 billion baht for 2022, with approximately 3 billion baht from existing businesses, supplemented by new businesses in the Connext group of about 500 million baht and Enterprise & Life of about 1.3 billion baht. The goal is to reach 20 billion baht in revenue by 2023, comprising 5 billion baht from existing businesses, approximately 9 billion baht from new businesses in the Enterprise & Life group, about 3 billion baht from Connext, around 1 billion baht from InnoTainment, and approximately 2 billion baht from Financial Inclusion.

"The company has been able to generate continuous revenue from solutions and sales channels through various drop-off points and retail sales through PTECH, while effectively managing expenses by consolidating several drop-off brands earlier this year, such as The Letter Post, Point Express, PaysPost, as well as integrating other companies like CitySoft, ForthSABUY, TeroSABUY, PFS, etc."

With a commitment to continuously expanding its various businesses alongside a significant sustainability growth strategy, SABUY has strengthened its focus on personnel development, the integration of technology and innovation into operations, process improvements, risk management, good corporate governance, and internal audits. All of these factors will be crucial in helping SABUY achieve stable and sustainable growth in the future.