BJC’s 2Q Revenue Reaches ฿38.6Bn with a Profit at ฿306M, Offering a Dividend at ฿0.18

BJC’s 2Q Revenue Reaches ฿38.6Bn with a Profit at ฿306M, Offering a Dividend at ฿0.18/Share.

Berli Jucker Public Company Limited (BJC) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

BJC reported a decrease of net profit in 2Q20 by 80% to 306 million baht, compared to a net profit of 1,527 million baht in the same period of last year.

BJC’s total revenue for 2Q20 reached THB 38,604 million, representing a decrease of THB 5,875 million or 13.2% over the same period last year. This decrease was mainly driven by the sales and service revenue declining to THB 36,119 million, a decrease of THB 4,316 million or 10.7% over the same period last year, driven by decreasing sales at Packaging, Healthcare and Technical, and Modern Retail Supply Chain.

Whilst the other income reached THB 2,485 million, a decrease of THB 1,558 million or 38.6% over the same period last year, mainly driven by declining other income at Modern Retail Supply Chain due to the rental discounts and waivers the company offered to its shopping mall tenants during the quarter.

BJC’s total expenses for 2Q20 amounted to THB 37,917 million, a decrease of THB 4,573 million or 10.8% over the same period last year. This decrease was mainly due to (1) decreased cost of goods sold expenses due to lower sales, (2) decreased SG&A expenses mainly due to strong cost control focus and lean organization initiatives, and (3) absence of the one-time non-cash impact from the expenses relating to amendment of the post-employment benefit plans of 306 million baht recorded in 2Q19.

On 13th August 2020, the Board of Directors Meeting approved the 2020 interim dividend payment at the rate of THB 0.18 per share, which will be paid on 11th September 2020. The ex-dividend date will be on 27th August 2020.

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