A High Jump in Sales Skyrockets CBG’s 2019 by 116%, Handing Out a Dividend at ฿1.00

CBG’s net profit in 2019 was THB 2,506 million, an increase of THB 1,348 million or 116.3% mainly driven by improving sales and overall gross profit margin.

Carabao Group Public Company Limited (CBG) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

CBG’s net profit in 2019 was THB 2,506 million, an increase of THB 1,348 million or 116.3%, representing a proportion to sales at 16.8%, an increase from the ratio of 8.0% in the corresponding period last year, mainly driven by improving sales and overall gross profit margin and significantly less losses from the ICUK operation.

Sales of branded products by its manufacturer were THB 12,881 million, up by THB 343 million or 2.7%. The amount consisted of domestic and overseas sales at the proportion of approximately 45:55, respectively. The overseas sales of branded products by own manufacture grew by 9.0% off setting the drop of 4.0% in the domestics.

In addition, the Board of Directors of CBG has approved a resolution for a dividend payment to be paid on May 8, 2020, at a value of ฿1.00/share with an ex-dividend date on March 6, 2020.

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