OISHI Reports 62% Profit Growth in 2Q19 (Mar. 31), Showing the Comeback of F&B Business

Oishi Group Public Company Limited (OISHI) has reported its 2Q19 consolidated financial report ended March 31, 2019, through the Stock Exchange of Thailand as follows:

OISHI recorded a net profit for the period of 2Q19 ended March 31, 2019, at THB 398 million, increased significantly by THB 153 million or 62.18% from the same period of last year. The high growth was mainly from the recovery of the beverage business, continued restaurant outlet expansion and reduction in selling expenses.

Total sales of OISHI for 2Q19 ended March 31, 2019, was THB 3,482 million, increased by THB 360 million or 11.5% YoY. Meanwhile, the selling expenses were THB 332 million, decreased significantly by THB 83 million or 20.0% from the same period of last year. It was mainly driven by good control of advertising and promotional expenses. In addition, the company increased efficiency by synergizing the summer campaign this year among beverage and food businesses.

 

In addition, the Board of Directors has approved the payment of the interim dividend from the operating results for the six month period of the fiscal year 2019 ended March 31, 2019, at the rate of ฿1.10/share. The ex-dividend date is on May 17, 2019, and the payment date is on May 31, 2019.