Bangkok--15 Aug--MC GROUP
MC GROUP Public Company Limited (“MC”) announced a 27% increase in sales revenues for the first half of 2014 compared to the same period last year to THB 1,670 million; while its net profit also rose 10% YOY amounting to THB 380 million. During 2Q of 2014, MC reported THB 815 million in revenue and THB 174 million in net profit equivalent to a growth of 27% and 6%, respectively, compared to the same period last year. Meanwhile, MC GROUP has approved that an interim dividend payment of THB 0.4 per share equivalent to THB 320 million.
Mrs. Pratana Mongkolkul, Chairperson of the Executive Committee, stated that “Our business during the first half of 2014 and in 2Q continued to grow compared to the same period last year; although the prolonged political tensions and industry-wide contraction of domestic consumption negatively affected same store sales growth especially in provincial areas. However, thanks to economic-stimulating measures and with political situation increasingly stabilized, this should restore consumer’s purchasing confidence during the latter half of the year. MC GROUP is ready to continue expanding its market horizon with this year’s sales target set to increase by 20-25%.”
Contributing to the growth of the group’s performance was a strong expansion of the Company’s points of sales to allow customers to better reach its products. During the first six months of this year, MC GROUP opened 63 new points of sales, 56 of which are in Thailand on track with its 2014 domestic expansion plan of 110 new points of sales and the remaining eight are overseas. Besides, the revenue realization from recently acquired business in November 2013, Time Deco Corporation also helped boost the revenue and profit numbers further.
Ms. Sunee Seripanu, Chief Executive Officer revealed about MC’s business plan that the firm strived to expand business to respond to various customer segments in the market. “Customers are the priority that we will focus to identify potential business opportunity that we can actively respond to their eclectic lifestyles. During the upcoming latter half of the year, MC GROUP is beefing up our distribution channels and brand portfolio as we do anticipate improving domestic spending.”
The ex-dividend date (XD) will be on August 27, 2014 and the record date determining the rights of shareholders to receive dividend payment will be on August 29, 2014. The name list of shareholders will be determined on September 1, 2014 and the dividend will be payable on September 12, 2014.