Investors
In 2019, the Company faced numerous challenges, whether fierce competition in the ship repair and shipbuilding industry, economic uncertainties as well as shortage of workforce. However, with the focus, commitment and dedication of the management and all the employees, including timely adjustment of operational strategies under various situations, the Company was able to overcome the obstacles and operate steadily and continuously in the midst of intense competition.
The various impacts that eventuated resulted in this year's operating results not meeting the set target. However, with regard to ship repair work, customers still had confidence in the Company, as evident from delivery of more than 100 vessels at both the corporate headoffice and Surat Thani branch. The Company also made improvements to increase the efficiency of the work area to support more customers in the future.
With regard to shipbuilding, the Company still continues to have projects to build vessels to eliminate water hyacinth. In 2019, the Company completed and delivered one such vessel to a government agency client and is in the process of completing another 2 due for delivery in 2020. The Company has further introduced new technology to develop a modernized prototype which will enhance energy-saving and truly care for the environment, in line with the growing trend of customers in the customer groups of passenger ships, water hyacinth eradication vessels and various types of garbage collection vessels.
Finally, on behalf of all executives and employees of the Company, I thank you all for the support that you have extended to us. And with this support comes proof that, even in difficult circumstances, the Company can still stand firm in the industry and ready to wait for the recovery of the industry that will occur shortly hereafter so that we can continue to create further sustainable growth.
Prakit Pradipasen
Annual Report
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Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017
Annual Report 2016
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DownloadFinancial Statement
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Consolidated 2020 2019 2018 2017 2016
Shareholdes' Equity (Thousand Baht) 443,373 464,031 482,669 437,625 440,567
Issuad & Paid-up Capital (Thousand Baht) 258,291 258,291 258.291 258.291 258,291
Total Revenues (Thousand Baht) 493,695 440,771 524,897 705,262 614,589
Net Profit (Loss) (Thousand Baht) 30,621 1,060 26,450 81,634 49,399
Earning (Loss) per share (Baht) 0.119 0.004 0.101 0.32 0.19
Book Value per Share (Baht) 1.72 1.66 1.77 1.87 1.69
Total Assets (Thousand Baht) 718,285 755,159 751,993 733,805 701,300
Total Liabilities (Thousand Baht) 274,912 326,219 294,579 251,136 263,675
Shareholders
Type
Amout
No. of share
No.
(%)
1
Shareholders Thai - Thai persons 2,915 211,307,498 81.81
2
Shareholders Foregin - Foregin persons 5 39,795 0.02
3
Shareholders Thai - Thai juristic persons 6 46,800,794 18.12
4
Shareholders Foregin – Foregin juristic persons 1 143,000 0.05
Source: Thailand Securities Depository Co.,Ltd. As of 13/3/2020
Note: Total paid-up capital 258,291,087 share , Par 1 Baht
Foraging Limit : 25% of Share
No. Major Shareholders No. of Share (%)
1.
52,050,041
20.15
2.
Tanpaibul Group
45,980,000
17.80
3.
5,500,000
2.13
Mr.Tavee Changpetch
4.
5,330,000
2.06
Mr.Prawat Chanruang
5.
5,209,700
2.02
6.
5,000,000
1.94
Mr.Thanakorn Yodpetch
7.
4,796,400
1.86
Mr.Suwit Adisaitham
8.
4,398,100
1.70
9.
Ms.Somjitt Tharaamornrat
4,057,770
1.57
10.
Mr.Kiet Srijomkhuan
4,000,000
1.55
Panitvong Group
Mr.Viroj Tansirikongkol
Mr.Vichien Srimuninnimitr
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 2019 2018 2017 2016 2015 2014
Bath / Share 0.05 0.10 0.20 0.12 0.20 0.12
Board of Director
Mr. Prakit Pradipasen
Mrs. Warawan Nganthavee
Mr. Sribhumi Sukhanetr
Mr. Prawat Chanruang
Mr. Sutin Tanphaibul
Mr.Teerapong Tanphaibul
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
