Betagro Public Company Limited (SET: BTG) announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
In 2022, BTG achieved a net profit of THB7,937.7 million, an increase of 685.5% from THB1,010.5 million in 2021 and the net profit margin was at 7.0%, up from 1.2% in 2021. The increase in profit for the period and net profit margin was mainly attributable to an increase in total income and gross profit margin as well as more efficient cost control due to the benefits from economy of scale following an increase in sales volume.
BTG’s total income was at THB113,876.8 million in 2022, an increase of 31.3% from THB86,743.7 million in 2021. Total income growth was attributable to the growth of revenue from sale of goods and rendering of services from all business groups (except other businesses) as follows:
1) Higher revenue in agro business was mainly due to an increase in prices of feed products following the rising cost of raw materials;
2) Higher revenue in food and protein business was mainly attributable to the rise in prices of pork, chicken, egg, processed food and processed meat products, following domestic and export market prices as well as sales volume growth from increasing demand;
3) Higher revenue in international business was mainly due to an increase in prices of feed products following the rising cost of raw materials as well as an increase in livestock prices in Cambodia and Laos;
4) Higher revenue in pet business was mainly due to an increase in sales volume and selling prices of pet food that corresponded with an increase in production volume and revenue share from the sales of higher-priced products following the company’s business strategy to shift towards higher profitability products.
In addition, the Board of Directors on Tuesday approved a THB1.00 dividend payout to be paid on 19 May 2023. The ex-dividend date is on 14 March 2023.