CPF’s Profit Hikes 2% to ฿15.5bln., Offering 0.30 Dividend Payment, XD May 7
CPF has announced its 2018 profit which rose by 1.78% to THB 15,531 million, and a dividend payment of ฿0.30/share.
Charoen Pokphand Foods Public Company Limited (CPF) has reported a consolidated financial statement yearly 2018 through the Stock Exchange of Thailand as follows:
In 2018, CPF booked a profit of THB 15,531 million, increased 1.78% when compared to THB 15,259 million at the end of 2017. The total income increased by 7.82% from THB 515,196 million to THB 555,502 million, mainly due to an increase of sales, gain on changes in fair value of investment in joint venture, and other income.
However, the total expense of CPF also increased as well. In 2018, the total expense was THB 536,209 million, increased by 6.17% or THB 505,031 million.
Furthermore, the Board of Directors has resolved to propose a dividend payment of ฿0.30/share in cash to be paid on May 23, 2019. The ex-dividend date is May 7, 2019.