Page 95 - Anual report STi 2022_eng
P. 95

Revenue, Cost, and Gross Profit From the Services of the STI Group For the Year Ended December 31, 2021 - 2022


                                                                      Consolidated Financial Statements Year Ended
                                 Items                                December 31, 2021        December 31, 2022

                                                                   Million Baht  Percentage  Million Baht  Percentage
            Consulting and project management business

            Service Income                                         1,441.37      100.00       1,416.18      100.00

            Cost of service                                          988.29       68.57        958.44        67.68

           Gross profit                                              453.08       31.43        457.74        32.32

           Architectural and Engineering Design and Other businesses

           Service Income                                            291.43      100.00        320.66       100.00

           Cost of service                                           237.41       81.46        240.03        74.85

           Gross profit                                               54.02       18.54         80.63        25.15

           Total Service Revenue
           Service Income                                           1,732.80     100.00       1,736.84      100.00


           Cost of service                                          1,225.70      70.74       1,198.47       69.00
           Gross profit                                              507.10       29.26        538.37        31.00


             The STI Group has a gross profit from the consulting  the gross profit from the architectural and engineering design

         and project management business in 2021 - 2022 in the  business and other services increased by 26.61 million baht,
         amount of 453.08 million baht and 457.74 million baht,   or 49.26 percent, compared to the previous year.

         respectively, representing a gross profit margin of 31.43       Overall, the STI Group has a gross profit in 2021 - 2022
         percent and 32.32  percent each year. The STI Group had   of 507.10 million baht and 538.37 million baht, respectively,
         an increase in gross profit from such business in the amount   or a gross profit margin of 29.26 percent and 31.00 percent,

          of 4.66 million baht, or 1.03 percent, compared to the previous   respectively.
          year. This reflects the ability to better manage service costs      Administrative expenses

          after the COVID-19 epidemic subsides.
                                                                     The STI Group has administrative expenses in 2021 -
              In addition, the STI Group had gross profits from    2022, in the amounts of 294.23 million baht and 318.76

          architectural and engineering design and other services     million baht respectively.
          in 2021-2022 of 54.02 million baht and 80.63 million baht,

          respectively, or a gross profit margin of 18.54 percent and       The details of administrative expenses in each year are
          25.15 percent each year, according to numbers. The increase   as follows:
          in gross profit margin was mainly due to the easing of the

          COVID situation, which caused some projects that had slowed
          down to be able to deliver more jobs this year. As a result,





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