MC GROUP 1ST TRADING DAY - ANNOUNCES A DIVIDEND OF BAHT 0.225 AFTER FIRST QUARTER PROFIT SURGED 30%
MC GROUP Plc (SET: MC TB), ready for its 1st day of trading in the Stock Exchange of Thailand under Retail Sector tomorrow (4 July 2013), announced that its board of directors has approved an interim cash dividend of 0.225 Baht per share, amounting to 180 million Baht after the Company's first quarter consolidated net profit jumped 30% comparing to the same period last year (1Q 2012 pro forma financial statements were prepared as if the Company was to adopt the new structure since 1 January 2010) to 180 million Baht, from 139 million Baht. The increase in net profit is driven mainly by the Company's success in its distribution channel expansions which has met its target as well as the growth in sales revenue per point of sales.
In 1Q2013, the Company was able to open a total of 26 new outlets (Point of Sales) which can be broken down into 15 free standing shops, 4 modern trades, 6 locations in Myanmar and 1 location in Laos. (The Company has appointed local sales agents for the expansion of distribution channel to foreign markets); comparing to 1Q2012, the Company was able to open only 7 new outlets. As of 31 March 2013, the Company has a total of 537 Point of Sales - 530 in Thailand and 7 in neighboring countries.
Since February of this year, MC GROUP has introduced 3 new brands to expand its product offering as well as to capture broader groups of clientele which will strengthen and enable the Company to gain a leading position in apparel and lifestyle business. The new brands include "Mc Pink" launched in February offers trendy women's apparel; "Mc Mini" launched in April offers clothing for children age 6 - 12 to pass on lifestyle preference from generation to generation; and "Blue Brothers" premiered in mid-June via a pop-up shop located in Siam Center offers premium jeans for jeans fans and enthusiasts.
Moreover, MC GROUP premiered its first online shop under the name www.WoWme.co.th in June 2013 to enter the online market and expand its customer reach further. The product offerings through this online shop will not be limited only to brands under MC GROUP or just jeanswear and apparels but also other fast growing product categories from other manufacturers and brands.
The ex-dividend date (XD) will be on July 15, 2013 and the record date determining the rights of shareholders to receive dividend payment will be on July 17, 2013. The name list of shareholders will be determined on July 18, 2013 and the dividend will be payable on July 30, 2013.
MC GROUP Public Company Limited manages sales and distribution, mainly, of products under trademarks and brands owned by the group of companies. The Company has realized the value of adding business value through the strong distribution channel, which is one of fundamental elements of the management. As of 31 March 2013, the Company has a total of 530 distribution channels nationwide and 7 locations overseas (6 locations in Myanmar and 1 in Laos) to reach all groups of customers.
At present, the Company's portfolio of brands includes Mc, McLady, Bison, Mc Pink (launched in February 2013), Mc Mini (launched in April 2013), and the Blue Brothers (launched in June 2013). Each brand is unique in design and other features aiming to meet market demands of different target groups. In addition, the Company premiered its first online shopping website under the name www.WoWme.co.th in June 2013 to enter the online market and expanded its customer reach further. The product offerings through this online shop will not be limited only to brands under MC GROUP or Jeanswear and apparels but also other fast growing product categories from other manufacturers and brands.