Thai Vegetable Oil Public Company (TVO) Q2 2024 earnings summary

Executive summary

• Interim financial statements for the three- and six-month periods ended 30 June 2024 were prepared in accordance with Thai Accounting Standard No. 34, using consistent accounting policies as prior years.

• No changes in the Group's shareholding structure or segment organization during the period.

Financial highlights

• For the three months ended 30 June 2024, consolidated revenue was THB 7,239 million, down from THB 9,084 million year-over-year.

• Segment profit for the three months was THB 739 million, up from THB 89 million year-over-year.

• For the six months ended 30 June 2024, consolidated revenue was THB 14,952 million, down from THB 18,545 million year-over-year.

• Segment profit for the six months was THB 1,222 million, up from THB 213 million year-over-year.

• Net profit for the six months was THB 882 million, up from THB 166 million year-over-year.

Outlook and guidance

• Interim dividend of THB 0.80 per share (THB 712 million total) approved in August 2024, to be paid in September 2024.