Higher Sales Revenue Reflects to GFPT’s 15% Profit Growth in 2019, Offering ฿0.20 Div

GFPT Public Company Limited (GFPT) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

GFPT announced a net profit in 2019 at 1,195 million baht, increased 15.17% from a net profit of 1,037 million baht in 2018. The increase in net profit was primarily driven from higher revenue from sales and higher share of profit from associated companies compared to 2018. The net profit margin in 2019 was 7.09% of net sales, increased from 6.24% in 2018.

The revenue from sales for 2019 were THB 16,863.74 million, increased by THB 216.72 million or 1.30% up from 2018. Revenue from the chicken processing segment increased by THB 327.35 million or 4.34% up from 2018. In addition, revenue from feed segment increased by THB 42.94 million or 1.37% up from 2018 and revenue from processed food segment increased by THB 22.03 million or 3.11 up from 2018. However, revenue from the farm segment decreased by THB 175.60 million or 3.34 down from 2018.

 

In addition, the Board of Directors of GFPT has approved a resolution for a dividend payment to be paid on April 23, 2020, at a value of ฿0.20/share with an ex-dividend date on March 9, 2020.