Osotspa Public Company Limited (SET: OSP) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Year | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
1,934 | 3,255 |
| Earning Per Share (Baht) |
0.64 | 1.08 |
| % Change | -40.6 | |
In 2022, OSP delivered a net profit of THB 1,934 million, -40.6% YoY, with a net profit margin of 7.1%, -510 bps YoY. The softened profit resulted from higher key materials and energy prices, lower volume impact due to operation transition, foreign exchange (FX) impact from the depreciation of MMK, and higher marketing and sales activation spending to support new product launches.
The total revenues for the fiscal year 2022 was at THB 27,482 million, +0.7% YoY, and revenues from sales was THB 27,266 million, +1.9% YoY. Strong growth in personal care, international businesses, and other segments offset the decline in the domestic beverages segment during the company’s portfolio premiumization transition while other market players continued price promotion.
The sentiment of domestic beverages improved in November – December along with continued growth across all business segments, resulting in 4.1% QoQ sales growth and we expect continued recovery in 2023.
Meanwhile, 4Q22 net profit improved 38.0% QoQ to THB 337 million, where OSP managed to improve gross margin and control advertising and promotion expenses.
In addition, the Board of Directors approved a dividend payout of THB 0.45 per share to be paid on 25 May 2023. The ex-dividend date is 3 May 2023.
