OSP Announces 2018 Operating Results, with Net Profit Increase of 269% Y-o-Y in Q4/2018; Board Approves Additional Dividend Payment of 0.39 Baht per Share

Osotspa PCL., a leading Thailand-based consumer products manufacturer and distributor, announced its Q4/2018 net profit of 789 MB (increase by 269% Y-o-Y) and full-year net profit of 3,005 MB. The domestic beverage (including Calpis and C-Vitt) and personal care segments exhibited consistent sales growth. The Board of Directors approved an additional dividend payment of 0.39 Baht per share. As the interim dividend was already paid at 0.30 Baht per share, the total full year dividend payment is 0.69 Baht per share after being listed on the SET.

Mr. Petch Osathanugrah, Chairman of the Executive Committee and CEO of Osotspa PCL. (OSP),revealed the company’s operating results of Q4/2018(October to December 2018), highlighting a net profit of 789 MB, a 269% Y-o-Y rise from 214 MB, achieved through the successful implementation of the “Fitness First” program, which contributed to a continuous improvement in production cost management. The Q4 profit drove the full-year profit to 3,005 MB, as planned.

The domestic beverage segment was successful as planned. OSP retains its leadership in the energy drinks market. The share of M-150 energy drink brand rose to 37.9% from 37%, and that of C-Vitt functional drink brand reached 25%, the largest in the functional drinks market. Q4/2018’s total sales revenue from domestic beverages (including C-Vitt and Calpis) grew 6.5% Y-o-Y.

For the personal care segment, OSP posted a 7.2% Y-o-Y growth for Q4 despite the Thai Baht appreciation, thanks to successful marketing campaigns of Babi Mild and Twelve Plus brands in Thailand, Cambodia, Laos and Myanmar.

In addition, on 27 February 2019, the Board of Directors approved to submit for approval at the Annual General Meeting of Shareholders (to be held on 24 April 2019) a dividend payment of 0.39 Baht per share. As the company paid an interim dividend of 0.30 Baht per share on 28 February 2019, the total dividend payment for the fiscal year 2018 will be 0.69 Baht per share for a total amount of 2,072.6 MB (after being listed on the SET). The record date for the right to receive the dividend will be on 2 May 2019 and the dividend payment will be made on 23 May 2019.