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Bangkok Post, Thailand, Business Briefs Column.
Mar. 1--ALL UNITS OF THAI FIRM MINOR GROUP RECORD STRONG GAINS: The Minor Group has reported positive 2003 performance results for all of its subsidiaries.
Record sales from Royal Garden Resorts Plc (RGR), the group's hotel division and its new subsidiary, Minor Food Group, translated into higher revenues and profits for RGR on both a quarterly and annual basis.
RGR's revenue grew 70 percent year-on-year to 4.67 billion and net profits rose 16 percent to 400 million baht. The firm will pay a dividend of 0.50 baht per share.
RGR's strong performance was based on the dramatic recovery in the fourth quarter from the effects on tourism of Sars and the Iraq war.
Minor Food said its net profits almost doubled over 2002 to 159 million baht, with good contributions from all of its five food brands: The Pizza Company, Swensen's, Sizzler, Dairy Queen and Burger King.
Minor Corp, a distributor of lifestyle consumer brands including Esprit, Red Earth and Bossini, reported a 29 percent increase in net profit to 77.5 million baht while the revenue rose 63 percent to 1,951 million baht.
The growth was mainly driven by Minor subsidiary Navasri Manufacturing Thai (NMT), which produces fabric softener and other household products.
- Minor Group reaps major Q3 revenue.
- News wire article from: Asia Africa Intelligence Wire November 17, 2003 700+ words
...Section: Corporate News - Minor Group's third-quarter results...increased consumer spending. Minor Group consists of Minor Corporation...months of 2003 was 1.38 billion baht and 41.8 million baht respectively, or around a 60...
- Minor Group Thailand set to be a global fast food brand.
- News wire article from: Asia Africa Intelligence Wire June 20, 2005 700+ words
...Section: Corporate News - Minor Group Thailand plans to expand to...Krungthep Turakij reported. Minor Group Thailand runs the Pizza Company...In the next two years Minor Group plans to invest five billion baht to expand to 640 branches...
- Minor Group firms report major growths.
- News wire article from: Asia Africa Intelligence Wire February 26, 2004 700+ words
...Section: Corporate News - Minor Group, a major shareholder of Minor...percent to 159.16 million baht at the end of 2003, from 86.51 million baht in 2002. MFG is the country...4 percent to 1.01 billion baht and 370 percent to 80.4 million...
- Three companies of Minor Group report performance for 2000.
- Newspaper article from: South China Morning Post March 5, 2001 700+ words
Three companies of Minor Group report performance for the fiscal year of...the same period last year 169.08 million baht, or positive earnings per share of 1.25 baht, 206.61 million baht or positive earnings per share of 1.52 baht...
- Thai Minor Group raises stake in RHC.
- News wire article from: Asia Africa Intelligence Wire January 25, 2005 700+ words
...Section: Corporate News - The Minor Group, the hospitality and trading...stake in RHC for 702 million baht, the Bangkok Post reports...14,927,490 shares at 47 baht apiece, largely held by a Comlink...the cost of about 245 million baht. RGR made two other major acquisitions...
- Thailand's Minor Group Plans to Add 20 Dairy Queens.
- Newspaper article from: Knight Ridder/Tribune Business News February 20, 2004 700+ words
...Business News Feb. 20--The Minor Group is spending 75 million baht to open 20 additional Dairy Queen...while earmarking 50 million baht for marketing activities. The...1.3 million and two million baht, and space of between 10 and...
- Thailand: Spa division of Minor Group to open training academy.
- News wire article from: Thai Press Reports January 29, 2007 700+ words
...News - The spa division of the Minor Group will open a training academy...company had invested 10 million baht in the MSpa training centre...expects sales of 40 million baht this year. The 550-square...levels. Fees start at 100,000 baht per student, compared to 300...
- Much rejoicing at The Minor Group.
- News wire article from: Asia Africa Intelligence Wire February 18, 2005 700+ words
...Section: Corporate News - The Minor Group, founded by entrepreneur William...consolidated net profit of 123 million baht, up 58.8 percent on 2003 on total revenue of 2.49 billion baht, up 30.24 percent. Earnings...by 78 percent to 712 million baht. Total revenues were 8.24...
- Royal Gardens Resort acquires Minor Group.
- News wire article from: Asia Africa Intelligence Wire June 3, 2003 700+ words
...with Royal Garden offering 70 baht a share - three percent margin...plans to sell 1.7 billion baht worth of bonds offering a maturity...funding requirements of the Minor Group acquisition. At the same time...shares at a par value of five baht, with each being reserved for...
- Royal Gardens Resort in $35 million buyout of Minor Group.
- News wire article from: Asia Africa Intelligence Wire June 3, 2003 700+ words
...with Royal Garden offering 70 baht a share - three percent margin...plans to sell 1.7 billion baht worth of bonds offering a maturity...funding requirements of the Minor Group acquisition. At the same time...shares at a par value of five baht, with each being reserved for...
Source: HighBeam Research, Bangkok Post, Thailand, Business Briefs Column.