Board of IHL knocks cash dividend payment 0.10 baht/share, flagging year 2023

Interhide Public Company Limited (IHL) opened its operating results for the year 2022 with a total income of 2,070.96 million baht, an increase of 20.37% from the same period last year. The virtue of the automobile industry recovers – new businesses support The board paid a cash dividend of 0.10 baht/share, “Ong-ard Damrongsakunwong”, Chairman of the Board of Executive Directors, opened the 2013 plan to move forward in the production of car leather seats – furniture – shoe tanning – dog snacks – collagen shojen (Chojen). Full of energy, confident to support this year’s performance to grow according to the target.

Mr. Ongart Damrongsakulwong, Executive Chairman of Interhides Public Company Limited (IHL), revealed that the overall operating results for the year 2022 (ended December 31, 2022) the company had a total income of 2,070.96 million baht or increased up 20.37% compared to the same period last year with total income of 1,720.44 million baht and net profit of 99.93 million baht

Important factors that increase income Due to the production of automotive leather seats which is the main business, there are orders (Order) coming in continuously and can continue production as normal Including income from new businesses, especially the shoe tanning business that has continued to receive orders as well

“The overall performance of the year 2022 still performs satisfactorily. from the automotive industry which has clearly returned to recovery, together with consumers nowadays demanding cars that meet their needs and when it is time to change new cars, including bookings from major partner carmakers in the Motor Expo 2022 that has passed The response was very good, causing IHL to continuously receive orders for the production of leather car seats. including new business began to recognize more revenue, “said Mr. Ongart.

In this regard, the Board of Directors’ meeting held on February 24, 2023 resolved to approve the dividend payment from the operating results for the year 2022 to shareholders in cash. At the rate of 0.10 baht per share, totaling a total dividend of 59.28 million baht, with the list of persons entitled to receive dividends (Record Date) on May 2, 2023 and the dividend payment date on May 18, 2023, and the dividend payment depends on with approval from the Company’s Annual General Meeting of Shareholders on April 24, 2023

Mr. Wasin Damrongsakulwong, director and general manager of Interhides Public Company Limited (IHL), said that the business plan for the year 2023 is the production of leather car seats. which is the main business There are still orders coming in continuously. in the new business segment Both the shoe tanning business Currently, there are 4 customers and many more are in the process of negotiations. It is expected that 1-2 more will be cleared within this year. There are still continuous production orders. And sofa products under the brand “ALEX”, which are sofas made from premium quality cow leather. Currently, there is a showroom at Central Bangna department store. In addition, the company plans to expand more distribution channels. to reach more customers

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Food supplement business brand “Chojen” (Chojen), collagen from cow hides of Inter Green Co., Ltd., a subsidiary company. Product Availability Through online channels, including https://www.facebook.com/ChojenOfficial, IG: https://www.instagram.com/chojen_official/, add line: @chojen, there are sales coming in continuously. and distribution in the form of raw materials to other manufacturers Able to gradually recognize income immediately

For the dog snack business under the brand “MOMO & FRIENDS”, it is available in all branches of Tops market, including through online channels. www.facebook.com/MomoFriends.official/,instagram.com/momoandfriendsth?igshid=YmMyMTA2M2Y=, LINE ID : lin.ee/N33Sarq,SHOPEE and LAZADA including the company. There are also plans to expand to more modern trade department stores. Currently, it is in the process of business negotiations. It is expected to see clarity in the first quarter of 2023.

At the same time, the company is preparing to expand the market to foreign countries in the form of contract manufacturing (OEM), which is currently exported to Korea. and is exported in the form of cowhide raw materials to Vietnam and Cambodia, so we are confident that these factors It will help support the performance in 2023 to grow according to the set goals. and able to create sustainable returns to shareholders in the long run


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