Pluk Phak Praw Rak Mae Public Company Limited (SET: OKJ) kicked off its first trading day in the Stock Exchange of Thailand with a 64% surge at the open as share price hit THB 11.00 per share.
Priced at THB 6.70 per share for the IPO, OKJ raised more than 1,000 million baht from the public offering. The company plans to use the proceeds for business expansion and investment, while 50 million baht will go to debt repayment to financial institutions.
For the six-month period ended 30 June 2024, OKJ’s net profit increased to THB 102.4 million, representing a growth rate of 38.6%, compared to THB 73.9 million from the same period last year.
However, the net profit margin decreased to 9.2%, compared to 9.5% from the same period last year. This decrease was driven from the increase in raw material costs, marketing campaign, and higher administrative expenses associated with the company’s preparation for listing on the Stock Exchange of Thailand.
Revenue from sales increased to THB 1,097.0 million, representing a growth rate of 41.3%, compared to THB 776.5 million from the same period last year.
About OKJ
Pluk Phak Praw Rak Mae Public Company Limited (SET: OKJ) is a business operator providing services and healthy cuisine including food, beverages, and other products under the concept “Be Organic from Farm to Table” as well as other food and beverage services, with a focus on cultivating organic vegetables, and offering food and beverages made from high-quality organic ingredients.
