TKN’s Profit Drops 25% to THB182 Million in 2021 as Domestic and International Sales Decline

Taokaenoi Food and Marketing Public Company Limited (SET: TKN) has announced its 2021 consolidated financial statement as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
182.125 242.621
Earning Per Share (Baht)5 0.13 0.18
% Change -25


TKN reported a net profit in 2021 of THB182.1 million, decreasing 25% from a net profit of THB242.6 million in 2020. Revenue from sales was THB3,610 million, decreasing 9.3% from THB3,983 million in 2020, meanwhile, gross margin dropped 15.2% from THB1,024 million in 2020 to THB868 million in 2021.

For domestic sales, the growth rate in sales in the seaweed products in 2021 slightly decreased due to the lockdown measures for certain periods in the previous, which affected the major sale channels, namely convenience stores and Modern Trade.

Meanwhile, total international sales in 2021 amounting to THB2,168.3 million decreased by 19.9%. This mainly was due to a declining growth by 34.7% from China in the same period of the previous year due to the decrease in sales in the first half of the year from the negotiations for revisions to the market expansion strategy in China. Other international sales slightly decreased by 1.1% due to the impact of the ongoing shortage of containers throughout the year, particularly markets in Europe and the United States of America.


In addition, the Board of Directors passed a resolution to pay the remaining dividend from the year 2021 at the rate of THB0.09 per share. The Ex-dividend date (XD) is set for 7 March 2022. The payment of the interim dividend will be made on 6 May 2022.