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4 Dividend-Paying Singapore Food and Beverage Stocks That Could Deliver Delicious Returns: Old Chang Kee Ltd
Old Chang Kee, or OCK, manufactures and sells a variety of fried foods such as curry puffs, spring rolls, chicken nuggets and other delectable snacks.
The group also runs cafes such as Mushroom Café and Curry Times that serve local recipes to customers.
OCK released its fiscal 2023 (FY2023) earnings ending 31 March 2023 which saw revenue climb 15.9% year on year to S$89.8 million.
Gross profit improved by 17% year on year as the cost of sales only increased by 13.8% year on year.
Net profit increased by 8.4% year on year to S$6.2 million.
The F&B group generated a very healthy free cash flow of S$21 million for FY2023, 21.3% higher than the S$17.3 million generated in the prior year.
The group has declared a final dividend of S$0.01, unchanged from a year ago.
Together with the interim dividend of S$0.01, the total dividend for FY2023 comes up to S$0.02.
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