SABINA’s Profit Grows 8.6% to ฿104m from Higher Sales, Paying ฿.57/Share Dividend

Sabina Public Company Limited (SABINA) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

In 2Q19, net profit of SABINA amounted to THB 104.8 million, increased 8.6% YoY while the company recorded a net profit in the first half of 2019 at THB 200 million increased 13.7% from 1H18.

SABINA has launched a policy to increase advertising and marketing promotion. In the first half of the year 2019, retail sales increased by 8.4% compared to the first half of 2018, including non store retailing (online) sales that increase sales by 47.5% compared to the first half of 2018. Brand Sabina Export is able to grow by 25.6%. OEM sales decreased by 1.7% due to the ongoing Brexit problem. Causing customers to postpone the delivery of some products.

In addition, the Board of Directors meeting passed a resolution to pay an interim dividend at ฿0.57/share. The ex-dividend date will be on August 26, 2019 and the payment date will be on September 6, 2019.