KCE Announces a THB0.60 Dividend Payout with an XD Date on 20 March

KCE Electronics Public Company Limited (SET: KCE) announced on Tuesday that its Board of Directors has approved a dividend payment from the operating results for the fiscal year 2022 at the rate of THB0.60 per share.

The Ex-dividend date (XD) is set for 20 March 2023. The payment of the dividend will be made on 12 May 2023.

In 2022, KCE reported a net profit of THB2,317.2 million or 12.6% of sales, compared with 2021 net profit of THB 2,426.3 million or 16.2% of sales, decreasing 4.5% year-on-year. The decrease was mainly due to the global economic recession in 2022 that greatly affect sales and product costs.

Consolidated sales revenue in THB increased from THB14,937.8 million in 2021 to THB18,456.3 million in 2022, representing a growth of 23.55% Y-o-Y, while sales revenue in USD increased by 13.11% Y-o-Y, from USD 468.6 million in 2021 to USD 530.1 million in 2022 due to the positive impact from THB depreciation against USD, resulting the incremental of revenue recognition in THB at approximately THB1,076.2 million compared with 2021.

KCE stated that the company’s operating performance last year got affected by the Russia-Ukraine conflict situation and the implementation of both economic & political policies in foreign countries especially in Europe which
affect the manufacturing industries in a wide range, including the chip shortages incident, including the dramatic price incremental of copper, gold, and oil.