September 14, 2011

Betagro gets "A" rating

TRIS Rating has recently affirmed the current company rating of Betagro Plc at "A".

With the outlook remaining "stable," the rating reflects the company's strength in business and partnership building strategies, established expertise in the integrated agricultural and food industry, and its diversified product portfolio.

In addition, as part of its strategic funding scheme designed to pay partial debts and accommodate cash flow as well as to support business expansion, the company has assigned Siam Commercial Bank as manager of newly issued debentures and bills of exchange. The Bank is also responsible for advising the company on the credit rating process.

Betagro Group is now a leader in the integrated agricultural and food industry in Thailand, specialising in animal feeds, livestock development, animal health and consumer food products for export and domestic distribution. Riding on its "Let's Make Life Better" promise, the Group places priority on hygienic, fresh products with premium quality through advanced processing technology. At the end of 2010, the Group's held total assets amounted to around THB22 billion (US$0.73 billion), with net liabilities of THB9.18 billion (US$0.3 billion). The total revenues from sales and services surpassed THB50 billion (US$1.65 billion), up 7.85% from 2009, with a net profit of THB2.316 billion (US$76.5 million).

For the year 2011, the Group has projected THB60.5 billion (US$2 billion) in sales and services revenues, a 20% increase over 2010. It also forecasts a 50% increase in net operating profit over that of the previous year-a record figure in its history.