Page 81 - ACC One Report 2567-En

Gross profit
For the fiscal year ended 31 December 2024 and 31 December 2023, the Company had a gross profit of 39.35 million baht and 22.52 million baht, with a gross profit margin of 32.19 percent and 15.70 percent, respectively. In the fiscal year 2024, the company's gross profit increased to be 16.49% compared to the same period of prior year. From efficiency management of cost of goods sold.
Distribution costs
For the fiscal year ended 31 December 2024 and 31 December 2023, the Company had distribution costs of 1.06 million baht and 0.74 million baht respectively. Distribution cost increased in the amount of 0.74 million baht increase of 0.33 million baht or 19.58% from the same year of prior year due to increased its sales and marketing personnel.
Administrative expense
The company has administrative expenses for the fiscal year ended as of 31 December 2024 and 31 December 2023 equal to 111.76 million baht and 106.26 million baht respectively. Administrative expenses increased from the same period of prior year in the amount of 5.51 million baht or decrease 5.18% due to the Company had more expense of new subsidiary, RTS (2003) Company Limited
Financial cost
In the fiscal year ended 31 December 2024 and 31 December 2023, the company had financial cost of 3.28 million baht and 1.72 million baht, respectively, increase of 1.56 million baht or increase 91.04% due to the Company increased the leverage of liabilities
Net income
For the year ended 31 December 2024 and 31 December 2023, the company had net loss of 89.39 million baht but in the same period last year, there was a net profit of 81.76 million baht, decrease of 7.63 million baht or decrease 9.33%. This was mainly due to the year 2023. The company had a loss from the sale of investments in subsidiaries in the amount of 11.89 million baht.
Liquidity and financial ratios
Liquidity analysis
Unit: Thousand Baht
Statement of cash flow
31 December 2024
31 December 2023
Profit (loss) from operations before changes in assets and liabilities
(88,800)
(79,350)
Net cash received (paid) in assets and liabilities from operating activities
(36,821)
(59,864)
Net cash provided by (used in) operating activities
33,950
(140,718)
Net cash provided by (used in) investing activities
(166,152)
(116,863)
Net cash received (used) in financing activities
112,341
13,856
Net increase (decrease) in cash and cash equivalents
(19,861)
(243,725)
Cash and cash equivalents at the beginning of the year
124,303
404,667
Cash and cash equivalents at the end of the period
104,442
160,942
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
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