SSP Year 63 Operating profit New Heights Give out shares – dividends – warrants

HoonSmart.com >> Strengthen Power, Show Year 63, Operating profit has surged 696 million baht, setting a record high, EBITDA grew by 32.2%, “Warut Tummavaranukub” Confident CEO Year 64 Rally to COD, 20 MW solar power plant and 48 MW wind power in Vietnam pushing capacity to reach 200 MW, green light board pays a stock dividend at 10 shares per 1 share, cash dividend of 0.011111 baht / share, with SSP-W1 giving away. Existing shareholders in a ratio of 10: 1 and SSP-W2 to existing shareholders 4: 1

Mr. Varut Tummavaranukub Chief Executive Officer of Sermsang Power Corporation (SSP) revealed that the Company’s operating results for the year 2020 had total revenues of 1,933 million baht, an increase of 452 million baht or 30.5% from 2019 with total revenue of 1,481.0 million baht. With a net profit of 765 million baht, an increase of 209 million baht or 37.5% year-on-year with a net profit of 557 million baht, setting a record high. Earnings before Interest, Tax and Depreciation (EBITDA) stood at 1,523 million baht, an increase of 32.2%, reflecting efficient cost management.

“The exponential growth in revenues and profits in 2020 will be driven by the increase in power generation capacity as the Company recognizes revenue from existing projects. And a new project, Yamaga, with a capacity of 30 megawatts, has resulted in an increase in contracted electricity generating capacity to 143 MW, compared to 114 MW in 2019, ”said Warut.

For the operation plan in 2021, the company continues to expand investment in power plants abroad as planned. By the Leo 1 solar power plant in Japan. The 20 MW commercial power supply (COD) will begin in Q3 2021 and the 48 MW wind project in Vietnam will start COD in Q4 2021.

“This year, after we COD power plants in Japan and Vietnam, we plan to increase our on-hand power generation capacity to 200 MW. The 17 MW capacity is still in the project development stage and is expected to be COD in 2023. The company plans to increase its electricity capacity in the next 3-5 years to 400 MW to drive the performance. Continuous New Heights events, ”said Warut.

In this regard, the Board of Directors’ meeting approved the dividend payment for the year 2020 operating results in shares at the rate of 10 existing ordinary shares per 1 dividend stock, cash dividends at the rate of 0.011111 baht / share, posting the XD sign on 13th May. Jan. 2021 and distribute warrants (SSP-W1) to the existing shareholders at a ratio of 10 ordinary shares per 1 unit with a term of 8 months, the exercise ratio of 1 unit per 1 new ordinary share. At an exercise price of Baht 12.00, XW on June 14, 2021 and (SSP-W2) to the existing shareholders at the ratio of 4 ordinary shares per 1 unit, with a term of 3 years and 11 months, the exercise ratio of 1 unit per 1 new ordinary share. At an exercise price of 18-24 baht, posting the XW sign on 14 Jun 2021

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