Betagro Public Company Limited (SET: BTG) has announced its 2024 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Year | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
2,466.16 | -1,398.17 |
| Earning Per Share (Baht) |
1.2700 | -0.7200 |
BTG reported a turnaround to book a net profit of 2,466.2 million and a net profit margin of 2.1% in 2024, compared with a net loss of THB1,398.2 million and a net profit margin of -1.3% in 2023. The increase in net profit and net profit margin was mainly attributable to an increase in gross profit margin and more efficient cost control.
The Company’s total income was at THB114,942.6 million in 2024, an increase of 5.3% from THB109,140.4 million in 2023 following increases in revenue of all business units, especially revenue from food and protein business which increased by 7.3% from the previous year on the back of increasing demand from both domestic and export markets together with product portfolio optimization which focused on high-margin products such as processed food and ready-to-eat products. Meanwhile, revenue from agro business increased from an increase in feed sales volume following the Company’s capacity expansion.
Additionally, the Board of Directors approved a cash dividend payment of THB0.50 per share to be paid on 20 May 2025. The ex-dividend date is 11 March 2025.
