RS Records a Lower Profit in 2019 by 30%, Offering a Dividend at ฿0.10

RS Records a Lower Profit in 2019 by 30%, Offering a Dividend at ฿0.10/Share.


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

RS reported a net profit in 2019 at 363.3 million baht, compared to 516.0 million baht in 2018, which decreased by 152.7 million baht or 29.6%.

However, excluding an extraordinary gain from the adjustment of the digital television operating license payment before tax in the amount of 94.6 million baht (or after tax in the amount of 75.7 million baht) for 2018, there would be net profit from operating activities in 2018 of 440.3 million baht; compared to net profit of 363.3 million baht in 2019, this is a decrease of only 77.0 million baht or 17.5%.

RS’ revenue from sales and services in 2019 recorded 3,611.0 million baht on a net basis which decreased from the previous year by 215.5 million baht or 5.6%. Meanwhile, selling and administrative expenses in 2019 also increased by 4.3% to 1,099 million baht.

 

In addition, the Board of Directors of RS has approved a resolution for a dividend payment to be paid on April 24, 2020, at a value of ฿0.10/share with an ex-dividend date on March 4, 2020.

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