TFG set a flag this year, revenue growth of 15%, new highs continue – pop “Thai Foods Fresh Market” touching 400 locations

Mr. Petch Nuntavisai, Chief Operating Officer of Thai Foods Group Public Company Limited or TFG, revealed that the business plan for the year 2023, the company set a target revenue growth of 15%, setting a new record continuously from the previous year. by expanding the market to new groups of customers both domestically and internationally and abroad to increase sales In addition to the business model in the retail business that is another support for the overall picture according to the plan.

In 2023, the company has prepared an investment budget to support the expansion plan. Animal feed factories and pig farms both in Thailand and in Vietnam. Including the expansion of branches in the retail business. as well as improve business in various parts to enhance operational potential in the future

“This year, TFG focuses more on expanding its retail business under the brand “Thai Foods Fresh Market” to increase margins. With plans to open new branches to 400 branches within this year (from the end of 2022, there are about 220 branches) to meet customer needs. And to increase the margin higher from the restructuring of distribution channels to be closer to consumers.

While the company’s performance in 2022 has a total revenue of 52,697 million baht, an increase of 48% from 35,503 million baht in the same period last year. and had a net profit of 4,722 million baht, an increase of 741% from 562 million baht in the same period last year. This was driven by strong sales growth. This corresponds to the increasing demand for pork and chicken. After the COVID-19 situation unravel in a better direction causing the whole world to loosen the lockdown

In addition, the Company’s Board of Directors’ meeting resolved to pay dividends from the operating results in 2022 in cash at the rate of 0.30 baht/share, excluding interim dividends of 0.10 baht/share, which have already been paid. Yield up to 7.55% (reference data from on March 13, 2023) which will be paid to shareholders who are entitled to receive dividends according to their names on the Record Date on May 8, 2023. and the dividend payment is scheduled on May 23, 2023

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