Investors
Message from the Chairman of the Board of Directors
In 2024, the world will continue to face challenges and changes from various situations that have occurred continuously, including the global economic recession, geopolitical conflicts and trade barriers, foreign exchange rate volatility, climate change, clean energy transition, and adaptation according to ESG guidelines for business sustainability.
Although the Company has to face economic challenges both domestically and internationally that are very volatile, which affects the Company's service costs, including increased market competition, the Company is still able to cope with the various situations that have occurred, adjusting the operating plan to be in line with the Company's strategy, allowing the Company to make a profit in 2024 as targeted.
The operating results in 2024, ship repair work, are still in line with the set goals. There is support from the tourism sector, which benefits from foreign tourists, coupled with the increasing volume of world trade after the COVID-19 crisis, resulting in the growth of the shipbuilding and ship repair industries. As for Surat Thani branch in 2024, revenue increased due to receiving specialized ship repair work with a relatively high value. In terms of shipbuilding work, Project Hydrographic survey & Buoy Tender from Royal Thai Navy has recognized revenue according to the success according to the plan, including the delivery of a Single Conveyor Garbage Collection Boat (HDPE) for supporting the efficient collection of garbage in Bangkok's canals is an achievement that is in line with the company's policy on technology and environmental development.
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 2024 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
56-1 One Report & Annual Report
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Financial Statement
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Shareholders
Source: Thailand Securities Depository Co.,Ltd. As of 17/3/2025
Note: Total paid-up capital 258,291,087 share , Par 1 Baht
Foraging Limit : 25% of Share
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)
Board of Director
Mr. Prakit Pradipasen
Mrs. Warawan Nganthavee
Mr. Sribhumi Sukhanetr
Mr.Chaiwat Chanrung
Mr. Sutin Tanphaibul
Chairman and Independent Director Education - MBA Wayne State University, Detroit, USA - BBA Silliman University, Dumaguete, The Philippines
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
Managing Director and Executive Director Education - MBA Ohio University USA - BBA (Accounting)
Director and Executive Director Education - Mini MBA Thammasat University - BBA The East Philippines University - Diploma in Accounting Chulalongkorn University
Independent Director and Member of Audit Committee Education - MBA – Marketing, International business University of Wisconsin–Madison - Bachelor of Business Administration (Finance and Banking) Chulalongkorn University
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
Mrs.Nuntawan Sakuntanaga
Mr.Teerapong Tanphaibul
Director Education -BBA Accounting Assumption University -MBA GOLDEN GATE UNIVERSITY
Independent Director and Member of Audit Committee Education Master of Accounting-Financial Chulalongkorn University • Bachelor of Accounting Rajamangala University of Technology
Director and Executive Director Education - Doctor of Environmental Kasetsart University - MBA North Carolina University Wilmington - BBA Assumption University
Director and Excutive Director Education - MBA Harvard Business School, Boston, MA - Bachelor of Arts in Economics (major in international economics) Thammasat University
Managing Director and Excutive Director Education - MBA University of central Oklahoma USA - Bachelor Degree Faculty of Commerce and Accountancy Thammasat University
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
