TQM’s 2020 Earnings Expand 38% to ฿702Mn, Offering a Dividend of ฿1.15

TQM Corporation Public Company Limited (TQM) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

 

The net profit of TQM for the operation results for the year 2020 was 702.0 MB or 22.4% compared to the net profit amounted to 507.2 MB or 18.2% of FY2019, increased in amount of 194.7MB or 38.4% as result of the increase of sales from every channel and the best cost control. The gross profit was 1,565.0 MB or 50.8% compared to 1,253.8 MB or 46.2% of FY2019, increased, amounted to 311.2 MB or 24.8% YoY from the increase of sales through online channels and others.

 

Service income was 3,082.5 MB compared to 2,711.5 MB of FY2019, increased, amounted to 370.9 MB or 13.7% YoY from the increase of sales and services incomes of new products as well as new sales and payment channels using customer needs. Service cost and expenses was 1,517.4 MB or 48.4% of total revenues compared to 1,457.7 MB or 52.4% of FY2019, increased, amounted to 59.7 MB or 4.1% YoY, the increase aligns with the sales growth. 

 

In addition, the Board of Directors resolved to approve the dividend payment from the operating results from 1 January 2020 to 31 December 2020 of ฿1.15/share to be paid on May 14, 2021. The ex-dividend date is March 9, 2021.