BJC Reports an Outstanding Net Profit of ฿822Mn in 2Q21, Offering a Dividend of ฿0.15

Berli Jucker Public Company Limited (BJC) has announced its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

BJC’s consolidated net profit attributable to the equity holders of the Company for 2Q21 reached THB 822 million, an increase of THB 516 million or 168.6% from the same period last year, as other income increased 17.4% to THB 2,918 million, mainly driven by increasing other income at Modern Retail Supply Chain due to the lower rental discounts and waivers when compared to the same period last year. Couple with, lower interest expense, and lower effective tax rate when compared with the same period last year. 

If removing the one-time expense relating to the employee severance pay due to corporate restructuring amounting to THB 437 million, booked in 2Q20, the recurring earnings before interest and tax increased by THB 79 million or 10.6% from the same period last year. 

Meanwhile, the consolidated net profit for 1H21 reached THB 1,835 million, an increase of THB 250 million or 15.7% over the same period last year.

The total expenses for 2Q21 amounted to THB 35,978 million, a decrease of THB 1,940 million or -5.1% over the same period last year. This decrease was mainly due to (1) decreased cost of goods sold expenses due to lower sales, and (2) decreased SG&A expenses mainly due to strong cost control focus and lean organization initiatives, and (3) lower interest expense. 

In addition, BJC has passed a resolution to offer an interim dividend payment at the rate of 0.15 baht per share to be paid on September 8, 2021, with an Ex-dividend date on August 24, 2021.