DCC Q2/22 profit reduced to 432 million baht, half year still growing, dividend 0.035 baht

HoonSmart.com>> “Dynasty Ceramic” opens the statement for the second quarter of 2022, a net profit of 432 million baht, a decrease of 4.6% from the previous year, sales declined, the first 6 months, a profit of 967 million baht, an increase of 2.2%. Interim dividend of 0.035 baht, up XD 22 Aug.

Dynasty Ceramic Co., Ltd. (DCC) reveals its operating results for the second quarter of 2022 with a net profit of 432.56 million baht, an earnings per share of 0.047 baht, a decrease of 4.6% from the same period of the previous year, a net profit of 453.31 million baht, an earnings per share of 0.052 baht.

For the six-month period of 2022, net profit 966.87 million baht, earnings per share 0.106 baht, increased 2.2% from the same period last year, net profit 946.44 million baht, earnings per share 0.112 baht.

2Q/22 operating results showed total sales of 2,126.5 million baht, a decrease of 52.7 million baht or 2.4% from tile sales volume of 12.7 million square meters, a decrease of 16.6%.
The average selling price increased by 16.2%. The gross margin was 43.7%, an increase from the previous year’s 43.6% gross margin, as energy costs continued to rise. Gas cost increased 54.5%, while other income decreased by 26.3% as a result of a decrease of 5.8 million baht or 30.2% in branch rental income due to the reduction of rental rates to help tenants in accordance with the economic situation.

Cost of distribution decreased by 5.1 million baht or 2.6% due to lower sales volume. Administrative expenses increased by 4.3 million baht or 2.0, partly due to land and building taxes charged by the government in full. From the previous year that the government charged at the rate of 10%, resulting in a total net profit of 432.9 million baht, a decrease of 21.1 million baht from the previous year. Divided into interests in subsidiaries that are not under control of 0.3 million baht, the rest is net profit. of the Company’s shareholders, totaling 432.6 million baht, a decrease of 20.7 million baht or 4.6% from the previous year, representing an earnings per share of 0.047 baht per share.

Board of Directors resolved to pay a dividend at the rate of 0.035 baht per share, determine the name of the person entitled to receive the dividend (Record date) 23 Aug. 2022, the date of not receiving the dividend (XD) 22 Aug 2022 and pay Y Sep 6, 2022

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