SGP’s 2019 Profit Skyrockets 56.1%, Offering a Dividend at ฿0.25

Siamgas and Petrochemicals Public Company Limited (SGP) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

SGP reported a net profit of 1,359.92 million baht which increased by 488.74 million baht or 56.10%, compared with the year 2018, mainly resulted by the decrease of cost, including cost of sales, services and transportations, by 3.68%. 

For 2019 performance, SGP had a revenue from sales, transportation and other services for the year 2019 of 67,076.56 million baht decreased by 1,445.92 million baht or 2.11% from year 2018 amounting to 68,522.48 million baht which resulted from decreased in the average LPG world price (CP Saudi Aramco) at USD 438 per metric tons and USD 541 per metric tons for the year 2019 and 2018, respectively. While the other income for the year 2019 of 361.88 million baht dropped by 37.33%.

SGP has approved a dividend payment for the period during 1 July 2019 – 31 December 2019 at 0.25 baht/share. The payment of the dividend will be made on 14 May 2020.