Osotspa Declares 16.8% Q-o-Q Net Profit Growth for Q3’18

Osotspa, Southeast Asia’s leading producer and supplier of consumer products, announced a 16.8% Q-o-Q net profit jump to THB 771.9 million in Q3’18, as well as a nine-month net profit figure of THB 2.2163 billion (approximately 78% of the full-year net profit for FY2017) and a Y-o-Y growth in nine-month revenue from local beverages (including C-Vitt and Calpis brands) amid slowdowns in the retail markets for non-alcoholic beverage. They are confident that after the launch of its glass production plant, sales from OEM business will recover, unit production costs will decrease and the profitability level will be raised.

Mr. Petch Osathanugrah, Chairman of the Executive Committee and CEO of Osotspa Public Company Limited (OSP), Southeast Asia’s leading producer and supplier of consumer products, revealed OSP’s results for Q3 (July-September) 2018, highlighting a net profit at THB 771.9 million (a 16.8% Q-o-Q rise from THB 661.1 million due to shrinkage in production costs).

He also noted a 1.5% Y-o-Y growth in sales of domestic beverages (including C-Vitt and Calpis brands) over the first nine months, contributed by the strong growths of an energy drink with herbal ingredients after a re-branding campaign. C-Vitt brand generated a Y-o-Y revenue growth and became the leading brand in the functional drink market. The recently introduced Chalarm Black Galingale brand has produced satisfactory level of initial sales, leading to OSP’s success in retaining its leadership in the local retail market for energy drinks (in which M-150 is the leading brand).

In addition, he highlighted a nine-month sales figure of THB 1.7767 billion for personal care segment, a 12.2% growth Y-o-Y, achieved as a result of successful overseas and domestic marketing campaigns for Babi Mild and Twelve Plus brands.

“We are confident that our profit level will hit the target, due not only to our serious efforts to enhance the efficiency in production and cost control and the ability to produce gross margins, but also to decent growths in the functional drinks and personal care segments that increase the capacity to offer products that meet the demand from a greater variety of consumers”, he added.