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Investors

          In 2023, the Company had to face many challenges, such as global economy and geopolitical conflicts, leading to increasing interest rates by central banks in many countries worldwide to reduce the higher level of inflation. Despite the gradual reduction of interest rates at the end of 2023, the overall interest rates remained high, in line with the challenges of fluctuating exchange rate and climate change problems, which greatly affected the Thai economy. Meanwhile, there were domestic factors, e.g. uncertain government policies, higher interest rates in accordance with the world economy, and continual increasing prices of consumer products.   

          Despite the domestic and global economic challenges and fluctuations which affected service costs and higher market competition, the Company can still cope with various situations under its commitment for operations and development in personnel and equipment at work in compliance with the Company’s strategies. Thus, the Company recorded an increase in profits from the previous year in 2023.

          For ship repair services in 2023, the Company obtained two large projects of ship repair with higher costs from government agencies. Despite high competition in the market of the private sector, the Company was able to manage its operations according to its plans as well as receiving the highest revenue in 5 years from ship repair and delivery. With regard to ship building this year, the Company delivered a tug ship, the Luang Ta Chai Ship, to the Navy as scheduled. Also, the Company was selected in the bidding of one hydrographic ship build for the Navy, worth 885.00 million baht, with scheduled delivery in 2025. 

          In 2024, the Company continues its efficient operations, in line with the study and research for various innovations toward continual ship repair and ship building. The Company also seeks new business opportunities to satisfy all groups of stakeholders, including innovations for the environment, such as developing ship hulls from recycled materials which are lighter than traditional ones, but stronger. The materials also help reduce the Carbon Footprint from the production process.

          For future situations or impacts, the Company still adheres to conducting its business under the concept of sustainable development by integrating such concept as part of its operations. The Company also creates balance in economy, society, and environment through good corporate governance in compliance with the principles of corporate governance toward the sustainability for all stakeholders.

          Lastly, I, as the Chairman of the Board of Directors, the Board of Directors and the management team of the Company. I would like to thank all shareholders, business partners and stakeholders, as well as all executives and employees for their dedication throughout the year 2023 and please be confident that we will continue to build a business to grow steadily and sustainably.

                                                                                                                                    Prakit   Pradipasen

                                                                                                                     Chairman of the Board of Directors

Annual Report

56-1 One Report & Annual Report

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Financial Statement

Financial Statement

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Consolidated

Quarter 1/2024

2023

2022

2021

2020

Total Assets (Thousand Baht)

836,908

830,650

822,951

711,998

718,285

Total Liabilities (Thousand baht)

399,239

399,491

400,173

272,915

274,912

Shareholdes' Equity (Thousand baht)

437,669

431,159

422,777

439,082

443,373

Issuad & Paid-up Capital (Thousand Baht)

258,291

258,291

258,291

258,291

258,291

165,863

554,797

743.947

512,167

493,695

Total Revenues (Thousand Baht)

Net profit (loss) (Thousand baht)

6,411

17,576

9,542

21,557

30,621

Earning (Loss) per share (baht)

0.025

0.068

0.037

0.083

0.119

Book Value per Share (Baht)

1.69

1.67

1.64

1.70

1.72

Returm on Equity (%)

1.46

4.08

2.26

4.91

6.91

Debt to Equity Ratio (times)

0.91

0.93

0.95

0.62

0.62

Shareholders

Shareholders
Shareholders1.jpg

No.

Type

Amout

1

Shareholders Thai - Thai Persons

2

Shareholders Foregin - Foregin Persons

3

Shareholders Thai Juristic Persons

4

Shareholders Foregin - Foregin Juristic Persons

3,520

5

10

-

No. of Share

210,404,252

135,695

47,751,140

-

(%)

81.46

0.05

18.49

-

Source: Thailand Securities Depository Co.,Ltd.  As of  20/3/2024

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

Foraging Limit : 25% of Share

No.

Major Shareholder

No. of Share

%

Panitvong Group

50,133,441

19.41

1

Tanpaibul Group

43,105,026

18.62

2

Mr.Kiet  Srijomkhuan

12,485,700

4.83

3

Mr.Tavee Changpetch

5,500,000

2.13

4

5,072,000

1.96

Mr.Viroj  Tansirikongkol

5

Mr.Vichien  Srimuninnimitr

5,000,000

1.94

6

Mr.Suwit  Adisaitham

4,849,700

1.88

7

8

Mr.Prawat  Chanruang

4,497,500

1.74

Ms.Somjitt  Tharaamornrat

3,886,570

1.50

9

10

Mr.Siripong Ruengrit

3,700,000

1.43

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
ESG
ESG final.jpg
Board of Director

Board of Director

Mr. Prakit Pradipasen

Mrs. Warawan Nganthavee

Mr. Sribhumi Sukhanetr

Mr.Chaiwat Chanrung

Mr. Sutin Tanphaibul

Mrs.Nuntawan   Sakuntanaga

Mr.Teerapong Tanphaibul

Mrs. Luckana Srisod

Mr. Nonn Panitvong

Mr. Win  Panitvong

Mr. Suradej  Tanphaibul

Coperate Governance

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

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