TAN breaks records in 2023: 1.43-billion-baht revenue, 33% profit growth HARNN leads growth with positive Food & Beverage response, aiming to add more brands in 2024

27 February 2024

TANACHIRA Delivers Record-breaking Revenue and Profit!

TAN announces its 2023 performance, achieving an all-time high with total revenue of 1,430 million baht, an increase of 11%, and net profit attributable to the company of 167 million baht, a growth of 33% compared to the previous year (including one-time IPO expenses of 10.9 million baht in total expenses).

This profit increase is driven by same-store sales growth, which is higher than the average growth rate of the domestic retail industry. HARNN also saw outstanding growth and is set to fully expand into China this year. Food and Beverage business also received positive feedback.

TANACHIRA Group is ready to add 1 new international brand to strengthen its fashion business portfolio. The company is preparing to set a growth target of 20% for 2024, driven by the growth of existing brands, the addition of new brands, the expansion of HARNN in China, and the expansion of branches both domestically and internationally.

The company's board of directors has approved a dividend payment of 0.20 baht per share, which will be proposed to the shareholders' meeting for approval.

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