Home Product Center Public Company Limited at its Annual General Meeting of Shareholders for the year 2024 held on 10 April 2024, approved the dividend payment for the operation results of the second half of the year 2023 (July 2023 - December 2023) as per separate financial statement by cash at the rate of THB 0.22 per share, or not exceeding in total of THB 2,893.27 Million. The total of the cash dividend payment for the whole year shall be equivalent to the rate of THB 0.40 per share which the total amount was calculated to be approximately THB 5,260.49 Million, or at payout ratio of 85.19 % of net profit according to the separate financial statement. Such rate of dividend payment is in accordance with the dividend payment policy of the Company.
All dividends shall be deducted for the withholding tax at the rate stipulated by law. According to the dividend payment mentioned above, the Company will pay such from the net profit arising from the Company's operation result of July 2023 - December 2023 in which the Company is required to pay for corporate income tax at the rate 20%. The Shareholders who are individuals can obtain tax credits due to the dividend payment in accordance with Section 47 bis of the Revenue Code.
The list of shareholders who are entitled to receive the dividend (Record Date) will be issued on 23 April 2024, and the dividend will be paid on 8 May 2024.
Home Product Center Public Company Limited is a Thailand-based home improvement retailing company. The Company is principally engaged in the trading of a complete range of goods and materials for construction, addition, refurbishment, renovation, and improvement of buildings, houses, and residences place, and provision for related services to the retail business, together with space rental and providing utilities service. Its home improvement retailing product categories include hard line and soft line. Its hard line includes tools, paint, home improvement, bathroom and sanitary ware, kitchen, home appliances and electrical equipment. Its soft line includes bedding, home textiles, furniture, lighting, household decorative products, and household accessories. Its services to the retail business include renovation; installation, relocation and fixing; inspection, cleaning, and maintenance of various electrical appliances; washing, cleaning and sterilizing services, and home improvement.
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