QH’s 2Q Profit Drops 23% as Lower Income from Hotel Operation, Offering Dividend at ฿0.04

Quality Houses Public Company Limited (QH) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

QH has reported a net profit of 458 million baht decreased by 135 million baht or 23% compared to the same period of 2019. This was mainly due to a decrease in share of profit from investments in associates and gross profit from hotel operations by 158 million baht and 112 million baht, respectively. Meanwhile, gross profit from sales of real estate increased by 33 million baht. In addition, selling and administrative expenses decreased by 136 million baht.

In addition, the Board of Directors approved a dividend payment of ฿0.04/share to be paid on September 8, 2020. The ex-dividend date is August 24, 2020.