MAKRO’s 2020 Profit Rises 5% from Store Expansions, Offering Bt0.60 Dividend Payment

Siam Makro Public Company Limited (MAKRO) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

MAKRO reported a net profit of 6,562 million baht in 2020, increased 5.09% from a net profit of 6,244 million baht in 2019. The increase was mainly due to an increase in sales revenue whereas the company added three more stores in Thailand in the past year and one more in overseas.

 

The company stated that in 2020, the company registered consolidated total sales of 214,140 million baht, an increase of 3.9%YoY, driven by the 4new stores commenced in 2020 and a full-year contribution of the stores opened in the year before. The increase was also attributed to the success of Makro Thailand and Makro International, owing to service enhancement with the O2O platform and dedication in tailoring products to specific needs of target customers.

In addition, the company’s Board of Directors resolved the resolution to approve a dividend payment at a value of ฿0.60/share to be paid on May 20, 2021. The ex-dividend date is March 12, 2021.