Bangkok--27 Feb--The Way Communications
MC GROUP Public Company Limited (“MC”) has taken another step to become a leader in lifestyle and fashion industry in Asia led by its strategies focusing on relentless sales network expansion. MC GROUP posted a net profit of 733 million baht which was up by 22% compared to last year. In the 4th quarter of 2013, MC GROUP recorded a net profit of 211 million baht or 24% rise from the same period in 2012. Regarding its performance, MC GROUP announced its dividend payment of 0.23 baht per share, equivalent to 184 million baht or 87% of total net profit.
Mrs. Pratana Mongkolkul, Chairperson of the Executive Committee, said “Business performance in 2013 was satisfactory as MC GROUP met its ambitious growth target previously set even under unfavorable economic condition from a slowdown in domestic consumption. Growth was spurred mainly by rapid and extensive expansion of sales footprints both in Thailand and foreign countries while currently MC GROUP has over 100 points of sales. Furthermore, the investment in Time Deco Corporation surely is the right catalyst for MC GROUP to prosper in fashion and lifestyle industry while we started to consolidate Time Deco performance to MC GROUP since November 2013”
For 2013, sales revenue grew at an annual rate of 16% to 2,973 million baht while sales revenue increased 21% for the 4th quarter of 2013 compared to the same period last year. In addition to overall sales growth, same store sales growth also picked up in the 4th quarter and recorded a positive growth of 4% after experiencing contractions in 2nd and 3rd quarter. This confirmed the success in MC GROUP’s strategy in introducing a variety of products to better respond customers’ demand coupled with high level of services through sales force knowledge and skill enhancement program under “MC Academy” initiative.
In December 2013, MC GROUP premiered its first full-scale store “The Blue Brother Denim Store” aimed to offer premium quality clothing and lifestyle choices to customers with uniqueness in design and style under The Blue Brothers, K.O.I. (King of Indigo –a leading Dutch denim brand) and Kuyichi brands. Besides, MC GROUP launched its “mcmc” brand under the concept “365 days of style with mcmc” to enhance its consumer’s reach to all market segments.
Ms. Sunee Seripanu, Chief Executive Officer added “Regarding the future growth outlook, MC GROUP has set its growth target at 20% in 2014 and planned to achieve its target with continuous expansion in sales channels. In order to have a better access to customers of all types, MC GROUP will add100 points of sales and 5 mobile units in 2014 as well as expand further to ASEAN countries to gain brand recognition and popularity in the region. In 2014, sales revenue contribution from foreign markets is set at 100 millon baht. Morever, MC GROUP will not cease to broaden its product offerings to suit the needs of various types of customers.”
MC GROUP established May 6th, 2014 as ex-dividend date (XD) and issued the list of shareholders entitled to dividend payment on May 8th, 2014. The record date (the closing of the shareholders’ registered book) was set on May, 9th 2014 and dividend payment date was scheduled on May 21st, 2014.