DCC’s 2Q Earnings Up 2%, Handing Out a 6M21 Dividend of ฿0.05 

Dynasty Ceramic Public Company Limited (DCC) has announced its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

DCC’s second quarter 2021 operating result ending 30 June 2021 was 453.3 million baht, an increase of 9.8 million baht from the previous year or 2% with earning per share of 0.052 baht per share. This came from a total income of 2,179.2 million baht, decreased 192.4 million baht or 8% from sales volume of 15.2 million square meters, a decrease of 9% average selling price and an increase of 2%. 

The cost of energy which was the main factor of the cost of production increase 28%, resulting in a gross profit margin of 43.6 %, an increase from the previous year with a gross profit of 41.8%, the cost of distribution decreased by 24.5 million baht, or 11%, due to the decrease in sales and from transportation costs as a result of lower sales volumes and car rental for transporting tiles at the branch from negotiation. Administrative expenses decreased 14.6 million baht or 7%. There are other cost reductions in accordance with the management policy to be more efficient. Financial cost decreased 8.7 million baht or 71% from short term loan decreased by 1,595.0 million baht, including lower loan interest rates.

In addition, DCC has passed a resolution to offer an interim dividend payment at the rate of 0.05 baht per share to be paid on September 3, 2021, with an Ex-dividend date on August 23, 2021.