TACC’s Profit Jumps 18% to ฿188Mn, Offering a Dividend Payment of ฿0.17

T.A.C. Consumer Public Company Limited (TACC) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

In 2020, TACC’s net profit was 188.38 million baht (14.31 % of sale) increased by 29.19 million baht (18.34%) from the previous year (159.18 million baht or 10.42 % of sale). The increase in net profit was driven by the increase of gross margin in portion sale of product mix, and developed costing and operation efficiency.

 

The sales revenue was 1,314.74 million baht, decreased by 13.52 % YoY. Resulting from COVID-19, that has affected the economy to slow down until the end of the year. In the situation they applied “The New normal” in their businesses such as the education sector, tourism sector etc. These have affected sales decline. However the company have growth revenue from (A) increase in number of outlets of All Café (a fresh coffee corner within the 7-Eleven store) where the non – coffee products, series of new seasonal flavors were sold and increment size of products and, (B) increase in Co-develop new products B2B.

 

In addition, the Board of Directors of TACC approved a resolution for a dividend payment of ฿0.17/share to be paid on May 13, 2021. The ex-dividend date is April 28, 2021.