OISHI’s 2Q19 Profit Hikes 44% from a Sale Growth due to a Higher Efficiency Control

Oishi Group Public Company Limited (OISHI) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

 

OISHI reported a net profit for the period of Q3’2018-2019 was THB 422 million, rose by THB 130 million or 44.5% YoY.
Normalized net profit, adjusted with Non-recurring item, for the period of Q3’2018-2019 was THB 444 million, increased by 101 million or 29.4% from Normalized net profit of THB 343 million in Q3’2017-2018. Increase in both OISHI’s reported net profit and normalized net profit was mainly from sales growth and lower cost of Food business due to higher efficiency control as well as an increased profit of the Beverage business from export sales growth and well control of selling expenses.