The share price of Yggdrazil Group Public Company Limited (SET: YGG) rose as much as 7.23% to THB8.90 per share after the company announced outstanding 1Q22 results, coupled with a dividend payment.
YGG reported a net profit of 30.39 million baht in 1Q22, increased 93.68% from a net profit of 15.69 million baht in 1Q21. The increase was mainly due to a 41% growth in revenue, while total costs grew 20.89%.
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On May 17, 2022, the board of directors also approved an interim dividend payment of THB0.109 per share to be paid on June 13, 2022. The ex-dividend date is May 30, 2022.
In the meantime, the company is expecting to move from the Market of Alternative Investment (mai), an alternative stock market for small and medium-sized enterprises, to Thailand’s main SET Index by later this year or early 2023.