Srinanaporn Marketing Public Company Limited (SET: SNNP) has announced the net profit of 651.2 million baht for 2024, with total revenues reaching 5,983.4 million baht. The Board has approved an additional cash dividend of 0.35 baht per share, XD will be on May 7, 2025. This brings the total dividend for the year to 0.60 baht per share. The board has also increased the Treasury Stock budget to 750 million baht, with a repurchase of up to 60 million shares. SNNP’s executive, Mr. Wiroj Wachiradechkul, stated “the revenue trend in 2025 is expected to grow compared to the previous year. The company will continue to release new products in the beverage and snack categories, benefiting from positive factors that stimulate consumer spending through the E-Receipt 2.0 program.”
Mr. Wiroj Wachiradechkul, Senior Executive Vice President of Domestic Business at SNNP, a leader in Thailand’s beverage and snack industry, announced that the Company achieved the net profit of 651.2 million baht in 2024. This marked an increase of 15.4 million baht, or 2.4%, compared to the previous year’s net profit of 635.8 million baht and the total revenues for 2024 reached 5,983.4 million baht.
The key factors supporting this growth come from strong sales across both domestic and export markets, as well as the continuous launch of new products; additionally, including efficient and concrete cost management practices, procurement, and the development of the production process to ensure products reach customers effectively, along with excellent office management. These efforts have led to improved gross profit margins and net profit margins, paving the way for further sustainable growth.
In addition, the Board of Directors’ meeting on February 20, 2025, has resolved to approve an additional cash dividend of 0.35 baht per share. The XD will be on May 7, 2025, with the payment date set for May 21, 2025. The Company also paid the interim dividend of 0.25 baht per share, total dividend for the year equals to 0.60 baht per share, reflecting the Company’s performance for 2024.
Furthermore, the Board of Directors has also resolved to increase the Treasury Stock program budget to 750 million baht, up from the original 640 million baht. The number of shares to be repurchased will also rise to 60 million shares, up from the original 40 million shares. This represents 6.25% of the Company’s total shares outstanding. The decision to raise the Treasury Stock budget shows the Company’s confidence in its business and the future strong growth.
Looking ahead to 2025, the Company expects revenue to continue growing compared to the previous year, driven by an expanded customer base, the ongoing release of new products in the beverage and snack categories, and the Easy E-Receipt 2.0 program designed to stimulate domestic purchasing power. The introduction of e-Tax invoices through the e-Tax Invoice and e-Receipt system, with a 50,000-baht limit in early 2025, is another positive factor for the Company, particularly through modern trade channels, where sales are projected to grow significantly. Thus, the Company’s long-term plan includes a strategy to expand into overseas markets through both direct product shipments and joint marketing efforts, as well as appointing distributors to support long-term growth.
