Sherwood doesn't expect better year

Sherwood Chemicals Plc expects a lower profit growth this year, due to the 6 per cent hike in raw material costs against the anticipated 5 per cent increase in sales.

Vorasit Kahasatien, managing director, said on Monday that the company plans to raise product prices gradually so that it would not affect its market shares.

Raw material prices are rising though the strong baht reduces the cost of some imports, which account for 28 per cent of raw materials. Currently, the company sources 20 per cent raw materials locally and the remaining 52 per cent through other suppliers.

The company plans to spend Bt50-Bt60 million this year on marketing and advertising, close to the level spent last year, and will invest Bt20-Bt25 million on product improvement. It may borrow short-term funds this year but will keep the debt to equity ratio at below 1:1 from 0.69:1 at present.

- The Nation

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Sherwood doesn't expect better year

Sherwood Chemicals Plc expects a lower profit growth this year, due to the 6 per cent hike in raw material costs against the anticipated 5 per cent increase in sales.

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