BEAUTY Is Climbing Back Plus THB 0.162/share Dividend!

Beauty Community Public Company Limited (BEAUTY) revealed their 2Q18 consolidated financial statements through SET to show that their business was not as bad as it seemed.

The total revenue in 2Q18 of BEAUTY is 857.52 million baht, decreases 3.36% from last year and decreases 5.24% from previous quarter. However, BEAUTY grows 11.91% (1.7 billion baht) year to date (YTD) 2Q17.

The decrease in revenue mainly are from the impact of Suppression of illegal products of other company (FDA) from March to April 2018 makes customer more cautious in buying cosmetics. But it only affected the short term.

In addition, the current news of the FDA has resulted in the export of products to China. It has been more stringent inspection products. Therefore, it take a longer time for wholesaler to import products.

 

Meanwhile, BEAUTY has established 15 more shops to increase from 333 shops to 348 shops. BEAUTY’s net profit for 2Q18 is 256.35 million baht, which decreases 6.16% YoY, but increases 9.23% QoQ.

On August 10, 2018, the Board of Directors Meeting approved the 2018 interim dividend payment at the rate of THB 0.162 share, totally 484.95 million baht or 90.01% to net profit, which will be paid on September 7, 2018.