The long-lasting COVID-19 crisis continuing until 2021, causing both business and household sectors to suffer more cumulative economic losses. The Global and Thai Economy are still highly uncertain as the COVID-19 outbreak continues. The Omicron variant became the main variant of the outbreak. Although they do not cause severe symptoms, their ability to spread more quickly means that the number of infected people continues to increase. This could lead to mutations and further increase risks in the future, forcing the economy into a global recession. Learning to adapt and adjust disease control measures to the context ahead is important.

     The Company is aware of the aforementioned risks and has planned to cope with various situations that arise, including the Business Continuity Management Plan (BCP) to enable the business to operate without interruption. During the epidemic, the company emphasizes the safety of employees as a priority. Work is planned by working from home method or meeting via online, while production line employees who still have to work in the factory (Work on Site) have strictly screening measures. Develop a manpower plan to work as a substitute for each other, build confidence for customers, ready to deliver ship repair work as scheduled, as well as to cooperate with the public in strict implementation of government measures to ensure continuity of work and to carry out both ship repair and shipbuilding production according to the plan to generate income and profits for all stakeholders.

     Even this year's turnover has not grown as planned from the impact of COVID-19, ship owners control costs and expenses, limit budget for boat maintenance, choose to do only the necessary tasks, or according to the rules and regulations of the Marine Department which has lenient measures to extend the time of entering the docks including the number of foreign ships cannot be repaired in the country causing price competition among shipyards increased. As a result, the profit margin of the repaired ships was reduced, while the shipbuilding segment can still be managed as planned, ships are delivered as scheduled for every project as well as continually new shipbuilding projects.

     In every situation, the company continues to operate under the concept of Sustainable Development, which has incorporated such guidelines as part of its operations. Balance the economy, society and environment through good corporate governance in accordance with corporate governance principles to create balance and sustainable values for all stakeholders.

Finally, I as the Chairman of the Board of Directors, Board and the Company's management team thank the shareholders, partners and all related parties for trusting and supporting the Company's operations well over the past 40 years, also thanks to the management and employees, everyone who is dedicated to making the company achieve goals amid challenging circumstances in 2021 and please be confident that we will continue to build a business to grow steadily and sustainably.

Prakit  Pradipasen

56-1 One Report & Annual Report

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Financial Statement


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Year End

                        Consolidated                           3rd Quater/2022         2021                 2020                  2019                 2018        

Total Assets (Thousand Baht)                                        841,910          711,998             718,285            755,159             751,993

Total Liabilities  (Thousand Baht)                                  423,634          272,915            274,912             326,219             294,579    

Shareholdes' Equity (Thousand Baht)                          418,276          439,082            443,373             464,031             482,669      

Issuad & Paid-up Capital (Thousand Baht)                  258,291          258,291             258,291            258.291             258.291        

Total Revenues (Thousand Baht)                                  207,397          512,167             493,695            440,771             524,897        

Net Profit (Loss) (Thousand Baht)                                    4,748             21,557               30,621                1,060               26,450                  

Earning (Loss) per share (Baht)                                         0.018              0.083                 0.119                0.004                 0.101   

Book Value per Share (Baht)                                               1.62                1.70                   1.72                  1.66                   1.77 





No. of share




Shareholders Thai - Thai persons                                                               3,811        210,917,972    81.66


Shareholders Foregin - Foregin persons                                                          5                  20,895     0.01


Shareholders Thai - Thai juristic persons                                                          8           47,352,220   18.33


Shareholders Foregin – Foregin juristic persons                                             -                           -           -

Source: Thailand Securities Depository Co.,Ltd.  As of  15/3/2022

Note: Total paid-up capital  258,291,087 share , Par 1 Baht

Foraging Limit : 25% of Share


No.            Major Shareholders              No. of Share       (%)

    1       Panitvong  Group                               47,022,641     18.21

    2       Tanpaibul   Group                              47,008,710     18.20

    3       Mr.Kiet  Srijomkhuan                          12,485,700      4.83

    4       Mr.Prawat  Chanruang                         5,667,300       2.19

    5       Mr.Tavee  Changpetch                        5,500,000       2.13

    6       Mr.Viroj   Tansirikongkol                      5,072,000       1.96

    7       Mr.Thanakorn  Yodpetch                     5,000,000       1.94

    8       Mr.Vichien  Srimuninnimitr                  4,992,900       1.93

    9       Mr.Suwit  Adisaitham                           4,398,100       1.70

   10      Mr.Siripong  Rueangrit                        3,600,000       1.39

Minutes of the AGM

Notice of the AGM

Dividend Policy

   Not less than 40% of its net profit of each fiscal year after reserving as required by laws and loss carried forward (if any) for dividend payment

(with additional conditions)

Dividend Policy 2022.jpg

                        Year                          2021               2020               2019                2018               2017               2016             

                  Bath / Share                    0.10                0.10                0.05                0.10                 0.20                0.12           


Board of Director

Mr. Prakit Pradipasen

Mrs. Warawan Nganthavee

Mr. Sribhumi Sukhanetr

Mr.Chaiwat Chanrung

Mr. Sutin Tanphaibul

Mr. Prakit Pradipasen
Mr. Prakit Pradipasen

Chairman and Independent Director Education - MBA Wayne State University, Detroit, USA - BBA Silliman University, Dumaguete, The Philippines

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Mr. Sribhumi Sukhanetr
Mr. Sribhumi Sukhanetr

Independent Director, Audit Committee, Chairman of Nominating and Remuneration Committee Education - Honorary Degree in Mass Communication Thammasat University - National Defense College, Bangkok - Master Degree in Public Administration Ecole Nationale des Postes et Telecommunicatons, France - Faculte'de Droits,Paris

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Mrs. Warawan Nganthavee
Mrs. Warawan Nganthavee

Managing Director and Executive Director Education - MBA Ohio University USA - BBA (Accounting)

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Mr.sutin Tanpaipul
Mr.sutin Tanpaipul

Director and Executive Director Education - Mini MBA Thammasat University - BBA The East Philippines University - Diploma in Accounting Chulalongkorn University

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Mr.Chaiwat  Chanrung
Mr.Chaiwat Chanrung

Director and Nomination and Remuneration Committee Education College of Computer Science Northeastern University Graduate School of Management Boston University Department of Computer Engineering Chulalongkorn University

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Mr.Teerapong Tanphaibul
Mr.Teerapong Tanphaibul

Director Education -BBA Accounting Assumption University -MBA GOLDEN GATE UNIVERSITY

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Mr.Teerapong Tanphaibul

Mr. Bumroong Chinda
Mr. Bumroong Chinda

Independent Director and Audit Committee Education - Doctor of Architecture Rome University ltaly - Bachelor Degree in Architecture ChulalongkornUniversity

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Mrs.Luckana Srisod
Mrs.Luckana Srisod

Independent Director and Member of Audit Committee Education Master of Accounting-Financial Chulalongkorn University • Bachelor of Accounting Rajamangala University of Technology

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Mr. Nonn Panitvong
Mr. Nonn Panitvong

Director and Executive Director Education - Doctor of Environmental Kasetsart University - MBA North Carolina University Wilmington - BBA Assumption University

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Mr. Win  Panitvong
Mr. Win Panitvong

Director and Excutive Director Education - MBA Harvard Business School, Boston, MA - Bachelor of Arts in Economics (major in international economics) Thammasat University

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Mr. Suradej  Tanphaibul
Mr. Suradej Tanphaibul

Managing Director and Excutive Director Education - MBA University of central Oklahoma USA - Bachelor Degree Faculty of Commerce and Accountancy Thammasat University

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Mr. Bumroong Chinda

Mrs. Luckana Srisod

Mr. Nonn Panitvong

Mr. Win  Panitvong

Mr. Suradej  Tanphaibul


Corporate Governance

Award of Proud

Annual General Meeting

In 2012-2022, the Company received an appraisal of “Excellent” for the organization of its Annual General Meeting. Such appraisal was conducted the Securities Exchange Commission, the Thai Investor Association, and the Listed Companies Association. 

Good Corporate Governace

In 2009-2010 And 2012, the company has been evaluated Corporate Governance by the Thai Institute of Directors (IOD) to be “Excellent” CG Scoring

In 2013-2022, the company has been evaluated Corporate Governance by the Thai Institute of Directors (IOD) to be “Good” CG Scoring

At Febrruary 2, 2017 the company has bee evaluated Performance Awards by the Stock Exchange of Thailand to be capitalization of less than  3,000 Million baht