KCG announced its 2024 performance showing net profit of 405.8 million baht, a 32.7% increase YoY, and sales of 7,743.4 million baht, an increase of 8.2% YoY. Both sales and profit continued to set new record highs since the Company's establishment in 1958, surpassing the previous record highs in 2023. The Company aims to further growing in 2025. A dividend payment of 0.41 baht per share for the 2024 operating results will be proposed at the shareholders' meeting on 28 April 2025.
Mr. Damrongchai Vipawatanakul, Chief Executive Officer and Managing Director of KCG Corporation Public Company Limited (KCG), a leader in food products for modern lifestyles in Thailand, revealed that the Company continued to maintain its position as the market leader in butter and cheese products, resulting in the remarkable Q4/2024 operating results, with sales amounted to 2,516.5 million baht, increasing by 14.0%, and net profit reached 162.9 million baht, up by 15.2% compared to the same period last year. Q4 is typically the Company’s high sales season, with both B2C and B2B customers showing significantly higher demand during the festive season, alongside increased spending from the tourism sector, hotels, restaurants, and the catering business (HORECA: hotel, restaurant, and catering).
(Mr. Damrongchai Vipawatanakul, Chief Executive Officer and Managing Director of KCG Corporation Public Company Limited)
The Company’s sales and profit in 2024 have reached new record highs once again, surpassing the previous record highs in 2023, driven by sales increases across all product categories and sales channels. The Company announced a dividend payment for the 2024 operating results at 0.41 baht per share to shareholders, representing a payout ratio of 55.1%, an increase from 0.30 baht per share or 53.4% payout ratio in the previous year. The proposal will be presented for approval at the shareholders' meeting on 28 April 2025.
Driven by our commitment to driving business through innovation and sustainability, the Company received sustainability awards in 2024 from several organizations as follows: 1) A 5-star or ‘Excellent’ CGR rating in 2024, the first year after listing on the Stock Exchange of Thailand; 2) An A rating in the SET ESG Ratings 2024 and inclusion in the SETESG Index Constituents; 3) Selection by ThaiPat Institute as one of the securities in the ESG Emerging List 2024, entering the ESG100 universe for the first time; and 4) The Investors’ Choice Award 2024 with a perfect score of 100 in the assessment of the Annual General Meeting (AGM) from the Thai Investors Association.
"In 2025, the Company is confident in its continued growth through the implementation of its three strategic plans: 1. Growth Strategy, 2. Transition Strategy, and 3. Sustainable Strategy. The Company aims for sales growth across all product categories and sales channels, both domestically and internationally, reinforcing its success as a leader in food products for modern lifestyles in Thailand. The Company remains committed to driving business forward while creating value for society and the environment continuously and sustainably," Mr. Damrongchai concluded.