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• R30Kh1Qmsw
• 2024-05-19 21:59:43

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Maybank stated that OSP’s net profit rose 15% QoQ and 10% YoY to THB923m, in line with its expectations, but 7% better than the consensus. Energy drink sales rebounded from the lockdown and C-vitt recorded significant sales growth, thanks to capacity expansion since June and expanded sales channels. Gross margin increased 89 bps YoY to 35.5% on the back of cost savings, adjustments in product formula and increase operational efficiency. While expenses were down 2% YoY, accounting for 21.7% of sales, vs 23.1% in 3Q19.