ICHI Records a 26% Increase in 2020 Earnings with a Dividend payment of Bt0.50

Ichitan Group Public Company Limited (ICHI) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

In 2020, ICHI reported a net profit of 515 million baht, increased 26.53% from a net profit of 407 million baht in 2019 as net profit margin rose to 10.1%, compared to a 7.6% in 2019.

Meanwhile, the company recorded the cost of sales and distribution costs in 2020 at 4,093.6 million baht and 293 million baht, respectively, decreased 5.7% and 28%, respectively.

Moreover, the company recorded 28 million baht in 2020 from share of profit of investment in joint venture, compared to a loss of 29.8 million baht in 2019.

 

In addition, the Board of Directors of ICHI approved a dividend payment of ฿0.50/share to be paid on May 21, 2021. The ex-dividend date is May 6, 2021.