Low Revenue Pressures BEAUTY’s 2018 Profit to Fall 19%, Still Proposing ฿0.138 Dividend
Low revenue and more cautious in buying cosmetics from customer causes BEAUTY's profit in 2018 to fall 19%.
Beauty Community Public Company Limited (BEAUTY) has reported its consolidated financial statement yearly 2018 through the Stock Exchange of Thailand as follows:
Net profit for 4Q18 was THB 123.84 million decreased 69.67% YoY, and decreased 62.36% QoQ and net profit for the period Year 2018 of THB 991.59 million decreased 19.34% YoY. Net profit decreased mainly came from sales and gross profit decreased and cost of sales increased but the company has the ability to control costs quite well.
The decline of revenue mainly came from the impact of suppression of illegal products of other company (FDA) makes customers more cautious in buying cosmetics. In addition, the current news of the FDA has resulted in the export of products to China. It has been more stringent inspection products. Therefore, it takes a longer time for wholesalers to import products. Including being affected by Chinese tourists
decreased.
In addition, BEAUTY has announced that the company is proposing a dividend payment from the operating period in 2018 to the shareholders at the rate of ฿0.138/share in cash to be paid on May 21, 2019. The ex-dividend date is May 3, 2019.