TVO Gains 6% after Reporting a 113% Surge in 2Q21 Earnings
TVO gained 6.25% after reporting a 113% surge in 2Q21 earnings of 726 million baht, from an increase in total sales revenue.
Thai Vegetable Oil Public Company Limited (TVO) announced its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
In the second quarter of 2021, TVO had a net profit Baht 726 million, increased by Bath 385 million or 113.0% from Baht 341 million when compared to the same quarter of 2020. The main reasons were;
Total sales revenue was Baht 7,680 million, increased by Baht 1,941 million or 33.82% from Baht 5,739 million when compared to the second quarter of 2020. The sales revenue of the company from sales of products was Baht 7,600 million, increased by Baht 1,918 million or 33.75% from Baht 5,682 million when compared to second quarter of 2020, and the revenue from sales of packaging materials was Baht 80 million, increased by Baht 23 million or 40.35% from Baht 57 million when compared to the second quarter of 2020.
In addition, TVO has passed a resolution to offer an interim dividend payment at the rate of 1.30 baht per share to be paid on September 10, 2021, with an Ex-dividend date on August 27, 2021.
As of 12:30, the share price of TVO rose ฿2.00/share or 6.25% to ฿34.00/share, with a trading value of 567 million baht.