BJC Records THB4.8 Billion of Net Profit in 2023, Announcing THB0.65 Dividend Payment

Berli Jucker Public Company Limited (SET: BJC) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)
Million Baht
4,794.67 5,010.40
Earning Per Share
1.2000 1.2500
% Change -4.31

BJC reported a net profit of THB 4,795 million, a decrease of THB 215 million or 4.3% over the same period last year, driven by slightly higher expenses and a slightly lower gross profit margin. 

BJC’s consolidated total revenue for FY23 reached THB 168,030 million, representing an increase of THB 4,429 million or 2.7% over the same period last year, driven by increasing sales from Packaging, Healthcare & Technical and Modern Retail Supply Chains due to higher selling price of the Glass packaging business, the growing of aesthetic market, and the increasing numbers of inbound tourist, as well as store expansion of Modern Retail Supply Chain. Whilst sales of Consumer Supply Chain decreased from last year from Non-Foods and International business due to slowdown in Vietnam’s economy and exchange rate impact. 

Expenses in 2023  amounted to THB 161,615 million, an increase of THB 4,265 million or  2.7% over the same period last year, mainly due to (1) increasing cost of goods sold expenses due to growing sales. We were able to manage cost down through several cost efficiency projects, resulting in better gross margin in all Supply Chains, (2) increasing SG&A expenses, driven by higher electricity expenses at Modern Retail Supply Chain due to higher FT rate when compared with last year, and store expansion, and (3) increasing interest expenses due to higher interest rates.

Meanwhile, net profit margin in 2023 fell from 3.3% to 3.1%.

Additionally, the Board of Directors approved a dividend payment of THB0.65 per share to be paid on 23 May 2024. The ex-dividend date is 20 March 2024.