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Green tea profits up 2,370%.

Bangkok Post (Bangkok, Thailand)

| March 01, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Sujintana Hemtasilpa

Mar. 1--Oishi Group Plc, the bottler of Oishi green tea and operator of a chain of Japanese restaurants, reported 2,370 percent growth in green tea-driven net profit, at 487.20 million baht last year, up from just 19.70 million baht in 2003.

The company announced yesterday that it would pay shareholders a dividend of one baht per share.

Tan Passakornnatee, the company's president and chief executive, said he was putting the finishing touches on a new longan-based beverage that is expected to hit the market within the next three months.

The new drink would not be sold under the Oishi brand, he said.

...

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Source: HighBeam Research, Green tea profits up 2,370%.

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