Post by account_disabled on Jan 2, 2024 22:40:04 GMT -5
TFG revealed 2Q19 profits jumped 133.41% from the same period last year, reaching 518.50 million baht, while total income was 7,290.24 million baht, an increase of 8.61% from the same period last year. Received good results from the selling prices of meat, both chicken and pigs, which rose markedly. Demand surges Due to the impact of the ASF swine epidemic in China Move forward to penetrate new markets Ready to increase efficiency of production lines by using more automation machines to help reduce costs and support profits. The board plans to pay an interim dividend at the rate of 0.07 baht per share. "Winai Tiewsomboonkit" assesses the second half of the year as a good trend.
Confident that this year's performance will B2B Email List continue to have a good direction. Mr. Winai Tiewsomboonkit Chief Executive Officer of Thai Foods Group Public Company Limited or TFG revealed that operating results for the second quarter of 2019 had a net profit of 518.50 million baht, an increase of 133.41% from the same period last year with a net profit of 222.14 million baht. The total income is 7,290.24 million baht, an increase of 8.61% from the same period last year with total income of 6,712.07 million baht. As for operating results for the first 6 months of 2019, there was a net profit of 722.67 million baht, an increase of 548.83% from the same period last year with a net profit of 111.38 million baht, while total income was 14,114.00 million baht, an increase of 5.59% from In the same period last year, total income was 13,366.63 million baht.
Factors that support increased profits This is because the price of meat, both chicken and pig, has continued to increase. Due to the increased demand for chicken consumption After the outbreak of ASF among pigs in China and there was a pig shortage causing demand to increase. Therefore, it is a catalyst that drives sales prices and export volumes to increase significantly in the first half of this year," said Mr. Winai. The Chief Executive Officer continued that the company places importance on cost reduction strategies from better management, such as managing inventory storage.
Confident that this year's performance will B2B Email List continue to have a good direction. Mr. Winai Tiewsomboonkit Chief Executive Officer of Thai Foods Group Public Company Limited or TFG revealed that operating results for the second quarter of 2019 had a net profit of 518.50 million baht, an increase of 133.41% from the same period last year with a net profit of 222.14 million baht. The total income is 7,290.24 million baht, an increase of 8.61% from the same period last year with total income of 6,712.07 million baht. As for operating results for the first 6 months of 2019, there was a net profit of 722.67 million baht, an increase of 548.83% from the same period last year with a net profit of 111.38 million baht, while total income was 14,114.00 million baht, an increase of 5.59% from In the same period last year, total income was 13,366.63 million baht.
Factors that support increased profits This is because the price of meat, both chicken and pig, has continued to increase. Due to the increased demand for chicken consumption After the outbreak of ASF among pigs in China and there was a pig shortage causing demand to increase. Therefore, it is a catalyst that drives sales prices and export volumes to increase significantly in the first half of this year," said Mr. Winai. The Chief Executive Officer continued that the company places importance on cost reduction strategies from better management, such as managing inventory storage.