Public Company Limited (SET: ESSO) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
604 | 820 |
| Earning Per Share (Baht) |
0.20 | 0.27 |
| % Change | -26.4 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
1,353 | 1,824 |
| Earning Per Share (Baht) | 0.45 | 061 |
| % Change | -25.8 | |
OSP delivered 2Q22 net profit at THB 604 million, with net profit margin of 8.4%. Compared to the same period last year, the reported profit softened mainly due to higher commodity and energy prices and operation transition. 1H22 net profit was at THB 1,354 million, -25.8% YoY, with net profit margin of 9.2%, -410 bps YoY. Compared to 1H21, net profit declined by 12.2% YoY, if adjusted the dividend income from investment in other company that the company received less by THB 285 million.
Sales for the quarter were THB 7,184 million, +3.9% YoY, driven by growth in international business, personal care, and other segments. Domestic beverages declined in 2Q22 during the transition to execute the premiumization portfolio strategy while other players continued price promotion. 1H22 revenue from sales grew 7.1% to THB 14,656 million, underpinned by growth across all business segments.
OSP continued its leadership position in both energy drinks and functional drinks markets. C-Vitt led OSP’s functional drinks portfolio to achieve the all-time high market share of 44.6% in 2Q22. OSP’s energy drinks market share was 51.4% in 1H22, reflecting the transition to establish the premiumization strategy while other players executed more price promotion.
In addition, OSP has announced a 1H22 interim dividend of THB0.45 per shara to be paid on 9 September 2022. The ex-dividend date is on 24 August 2022.
