As we speak’s fascinating shares are: TKN or Tao Kae Noi Meals & Advertising and marketing Public Firm Restricted
Conducts enterprise producing and distributing seaweed snacks domestically and internationally below the model “Tao Kae Noi” consists of wholesome snacks and meals merchandise.
The working outcomes for the primary quarter of 2024 had a internet revenue of 294 million baht, which equates to earnings per share of 0.21 baht, in comparison with the working outcomes of the primary quarter of 2023 which had a internet revenue of 166 million baht, which equal to earnings per share of 0.12 baht.
Itthipat Mr Peeradechapan Chief Government Officer Tao Kae Noi Meals and Advertising and marketing Public Firm Restricted or TKN Producer and distributor of seaweed snacks domestically and internationally below the model “Tao Kae Noi” reveals the general efficiency of the first quarter of 2024 with gross sales revenue of 1,367.3 million baht, a rise of 9.9% in comparison with the identical quarter of the 12 months earlier which have success elements of gross sales progress domestically and overseas with income shares of 35% and 65% of complete gross sales income, respectively The worldwide market has excessive progress potential following the rising demand for seaweed consumption within the US market states and the work of recent distributors in Indonesia has led to glorious progress in abroad gross sales. In the meantime, gross sales in China slowed on account of a sluggish economic system however tended to get well within the second quarter as home gross sales grew from home vacationers. along with plans to concentrate on on-line and offline promotional and advertising actions Together with the introduction of a brand new product within the first quarter, which is popcorn flavored fried seaweed. and roasted seaweed with tomato taste brought on extra customers to enter the class of seaweed snacks
In the meantime, internet revenue was 294.4 million baht, a rise of 77.4% in comparison with the identical quarter final 12 months. and Gross Revenue Margin was at a degree of 39.7% of the Go Agency technique which goals to make the group compact, scale back prices, and handle bills constantly. Together with gross sales administration (Income Administration) incl
1. Gross sales administration with a concentrate on creating progress in merchandise and channels with good margins (product combine adjustment)
2. Alter product costs in some worldwide markets on the finish of the 4th quarter 2023 with a purpose to put together for the upper price of seaweed uncooked supplies.
3. Bettering different prices As a way to scale back prices, equivalent to utilizing larger manufacturing capability to cut back unit prices, managing effectivity throughout the manufacturing unit to extend output and scale back waste from manufacturing, growing work processes by bringing in equipment to assist improve manufacturing effectivity steady
On this quarter 1/2024, the worth of the inventories initially of the interval has been adjusted with the brand new price in 2024 in accordance with the accounting precept as soon as initially of the 12 months. Consequently, the gross revenue margin within the first quarter elevated by 2%, which was a one-time recognition. On this regard, total product prices in 2024 will progressively improve in recognition of the upper prices of recent seaweed uncooked supplies than in 2023.
The corporate goals for this 12 months’s income to develop 10-15% of the brand new product improvement (NPD) plan in seaweed and non-seaweed merchandise to extend the variety of the product portfolio to assist common traits and home and worldwide consumption traits. markets Particularly the worldwide market which has seen a rise within the demand for consuming seaweed in lots of international locations. From the pattern of consuming seaweed with rice on the TikTok platform, on the identical time the corporate will strengthen distribution channels in North America equivalent to america and Canada the place gross sales are rising. After promoting merchandise via Costco’s major channel in 4 areas out of a complete of 8 areas, he was additionally in a position to distribute moreover to Costco Canada, leading to vital gross sales progress.
On the identical time, the corporate has a versatile administration coverage, adapting motion plans in accordance with altering market conditions with a purpose to handle dangers in all facets. Prepared to enhance and improve manufacturing and advertising effectivity. Consolidate management within the seaweed snacks market in Thailand Able to grow to be a International Model and drive progress to achieve the set targets.
The inventory worth dropped to maneuver under the 200-day transferring common at 11.00 after rising to check the resistance at 12.00, inflicting the short-term pattern to proceed down to check the assist at 10.00 and have Resistance at 12.00
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