RBF’s 2019 Profit Hikes 9% to ฿350m, Offering a Dividend at ฿0.15

R&B Food Supply Public Company Limited (RBF) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

RBF reported a net profit in 2019 at 352 million baht, increased 8.97% from a net profit of 323 million baht in 2018. The increase was mainly due to the increase in sales from domestic and overseas, especially in product groups with high gross margin and good inventory management.

 

Moreover, RBF also approved to establish two subsidiaries for business expansions as follows;

1) R&B Food Supply (Singapore) with a registered capital of SGD 1,000,000 or approximately THB 22,650,200 to be 100% held by RBF as a laboratory.

2) Maple Creation Company Limited with a registered capital of JPY 99,000,000 or approximately THB 28,227,375 to be held by RBF at a ratio of 60% for import-export, R&D, sale and marketing.

 

In addition, the Board of Directors of CPF has approved a resolution for a dividend payment to be paid on May 15, 2020, at a value of ฿0.15/share with an ex-dividend date on April 29, 2020.