DCC’s Earnings in 1Q Grow 34% to ฿493Mn, Offering Interim Dividend of ฿0.10

Dynasty Ceramic Public Company Limited (DCC) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

 

In 1Q21, DCC reported a net profit of 493.1 million baht, an increase of 125.8 million baht from the previous year or 34%. Total income was 2,413.3 million Baht, increased 236.0 million baht or 11% from sales volume of 17.3 million square meters, an increase of 10% average selling price slightly increased.

 

The average production volume of 15.4 million square meters or an increase of 3%. The cost of energy which was the main factor of the cost of production slightly increase from the previous year and began to increase in March 2021, resulting in a gross profit margin of 42.7%, an increase from the previous year with a gross profit of 39.5%, other income of 22.6 million baht, an increase of 5.9 million baht or 36% from Branch rental area income increased by 5.6 million baht.

 

Additionally, the Board of Directors has approved interim cash dividend payment from the operational performance of 1Q21 at the rate of 0.10 baht per share to be paid on May 28, 2021, with an ex-dividend date on May 17, 2021.