Ubon Bio Ethanol expects the first half of this year to see the impact of the global recession Accelerate adaptation through the crisis, showing revenue in 2022 surpassing 7.1 billion baht
Miss Sureeyot Kousurat Chief Executive Officer and President of Ubon Bio Ethanol Public Company Limited or UBE Thailand’s major manufacturers and distributors of processed products from cassava, including ethanol products. tapioca starch cassava flour Including other organic agricultural products revealed that the overall picture of the company’s performance continually recovering from the increase in fuel grade ethanol sales volume After relaxation of travel requirements While income from other businesses Significantly increased mainly from sales of coffee products. In the past year 2022, it has grown from the previous year, with total revenues of 7,199.3 million baht, an increase of 3% from the previous year and a net profit of 329.2 million baht, an increase of 3% from the year. before
For the direction of operations in 2023, the total revenue target is set to grow at 10% from the previous year from the addition of new products. Adjusting the size of the packaging to meet market needs including the expansion of new distribution channels To reach more customers, as well as the coffee business continues to grow. At the same time, this year, the company continues to set a goal to increase the proportion of sales volume of high-value products. both organic flour and cassava flour. In addition, it is still in the process of studying and seeking opportunities to expand into new businesses.
“At present, the company has adjusted the strategy for offering tapioca starch by increasing the proportion of smaller products with higher value And focus on research and development (Research & Development) to increase the variety of uses of cassava flues. In 2023, there will be more new product launches. to meet the current market demand Including the expansion of new product distribution channels. additionally.”
2023 will be a year of challenges in many areas. UBE aims to maintain its market share for fuel-grade ethanol in the country. and support the push for the liberalization of industrial grade ethanol in the country to increase sales volume As for the tapioca starch business group It is expected that in the first half of this year 2023, the impact of the global economic recession will be more apparent, which the company has prepared to deal with by organizing a sales promotion team to market in new overseas areas more. to presenting cassava flour to be used as an ingredient in various products of customers continuously
In this regard, the Board of Directors’ meeting held on February 21, 2023 resolved to pay dividends for the operating results of the year 2022 (January 1 to December 31, 2022) in cash at the rate of 0.04 baht per share, by specifying the date of not being received. Dividend right (XD) on March 20, 2023 and dividend payment scheduled on May 15, 2023. The Company will present the matter to the 2023 Annual General Meeting of Shareholders on April 18, 2023.
