Amid the changing industry landscape and impacts of the new coronavirus pandemic in the past year, the Company has had to accelerate adapting to overcome challenges and keep the business moving forward with proactive dedication, modified strategies with emphasis on safety and speed in continued management in business operation to create confidence and generate return for customers, employees and all stakeholders, based on good corporate governance according to sustainable development guidelines.


Ship repair work continuously adapted resulting in good performance, based on adjusting strategies to reduce costs and increase competitiveness in volatile and challenging markets, with added proactive measures to prevent the spread of COVID 19 to ensure continuous and safe delivery to customers, rendering continuous revenue growth and profit in line with the set target, both at the head office and Surat Thani branch. Shipbuilding work focused on the development of ship designs, materials and technology to be in line with the development and direction of more modern usage, which emphasizes reduced energy consumption and being environmentally friendly. All works were delivered on schedule despite the impacts of the COVID 19 pandemic, including aluminum passenger ships, six water hyacinth removal vessels, as well as 14 in the process of delivery in 2021. Finally, on behalf of all executives and employees of the Company, I would like to thank everyone for your support and trust even in difficult circumstances. The Company will continue to develop and stand firm in the industry, ready for a resurgence of the industry in the near future so that we can continue to create sustainable growth.

Prakit  Pradipasen


Annual Report

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Financial Statement


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                        Consolidated                                 Q3/2021               2020                  2019                 2018                 2017         

Shareholdes' Equity (Thousand Baht)                       434,000             443,373            464,031             482,669            437,625

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

Total Revenues (Thousand Baht)                                 88,799             493,695             440,771             524,897            705,262   

Net Profit (Loss) (Thousand Baht)                               (10,300)              30,621                1,060               26,450              81,634      

Earning (Loss) per share (Baht)                                     (0.040)                0.119                 0.004                 0.101                  0.32 

Book Value per Share (Baht)                                            1.68                   1.72                   1.66                   1.77                  1.87

Total Assets (Thousand Baht)                                      761,301            718,285            755,159             751,993            733,805

Total Liabilities  (Thousand Baht)                               327,301             274,912            326,219             294,579            251,136  





No. of share




Shareholders Thai - Thai persons                                                               2,972        211,365,656    81.83


Shareholders Foregin - Foregin persons                                                          4                   5,895      0.00


Shareholders Thai - Thai juristic persons                                                          7          46,776,536    18.11


Shareholders Foregin – Foregin juristic persons                                             1               143,000      0.06

No.            Major Shareholders              No. of Share       (%)





Tanpaibul Group




Mr.Kiet          Srijomkhuan            





Mr.Tavee       Changpetch          





Mr.Prawat     Chanruang   






Mr.Thanakorn    Yodpetch   






Mr.Suwit        Adisaitham             



Ms.Somjitt     Tharaamornrat   




 Panitvong  Group

Mr.Viroj         Tansirikongkol  

Mr.Vichien     Srimuninnimitr 

Source: Thailand Securities Depository Co.,Ltd.  As of  10/3/2021

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

Foraging Limit : 25% of Share

Minutes of the AGM

Notice of the AGM

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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)

                        Year                          2020               2019               2018                2017               2016               2015             

                  Bath / Share                    0.10                0.05                0.10                 0.20                0.12                0.20            

Divident Povici.jpg

Board of Director

Mr. Prakit Pradipasen

Mrs. Warawan Nganthavee

Mr. Sribhumi Sukhanetr

Mr. Prawat Chanruang

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. Prawat Chanruang
Mr. Prawat Chanruang

Director and Nomination and Remuneration Committee Education - BA (Business Administration) Thammasat University - BA (Accounting) Thammasat 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 2012-2017, 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 2013-2018, 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