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Total sales of OISHI for 2Q19 ended March 31, 2019, was THB 3,482 million, increased by THB 360 million or 11.5% YoY. Meanwhile, the selling expenses were THB 332 million, decreased significantly by THB 83 million or 20.0% from the same period of last year. It was mainly driven by good control of advertising and promotional expenses. In addition, the company increased efficiency by synergizing the summer campaign this year among beverage and food businesses.
KTBST forecasted OSP’s 3Q20E net profit to grow +8% YoY, +13% QoQ to Bt908mn as 1) beverage sales in the domestic market are estimated to rise +9% YoY, +14% QoQ on the back of stronger sales of C-Vitt, which appears to hit a quarterly record high, 2) revenue from personal care is expected to remain flat YoY but to increase +8% QoQ, 3) overseas revenue would decline -17% YoY but to improve +5% QoQ, and 4) gross profit margin would be 34%, down YoY but up QoQ.
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