‘Minor International’ Announces THB0.25 Dividend from Strong Performance and Tourism Rebound in 2Q

Minor International Public Company Limited (SET: MINT) is pleased to announce that the Board of Directors has passed a resolution to approve an interim cash dividend payment of THB 0.25 per share to its shareholders for its operating performance during the first half of 2023.

This dividend payment underscores the company’s robust cash flows from operations, improved balance sheet strength, and unwavering confidence in its positive outlook for sustained growth, cash flows and profitability for its stakeholders.

The decision to declare this dividend reflects MINT’s dedication to delivering value to its shareholders and rewarding them for their continued support. By sharing the success generated through revenue maximization strategies, efficient financial management and a commitment to operational excellence, the company reaffirms its position as a growth-driven global leader.

“We are thrilled to announce this cash dividend payment, which is a testament to our strong performance and financial stability,” said Mr. Dillip Rajakarier, Group CEO of MINT. “The achievement of our recent record-breaking quarterly profit of THB 3 billion, together with continued momentum expected for the rest of the year have provided us with the confidence to not only reward our shareholders but also provide room for further expansion throughout this year and into 2024.”

Shareholders of record date on September 1, 2023, will be eligible to receive the cash dividend payment. The dividend will be paid out on September 15, 2023.

As MINT continues to pursue its proven “back-to-growth” strategy and navigate a dynamic business landscape, this dividend announcement serves as a reflection of the company’s achievements to date and a forward-looking commitment to its shareholders.