Stonehenge Inter Public Company Limited or STI Performance report for the year 2022 ended 31 Dec. 22
Mr. Somkiat Silawatanawong Chief Executive Officer Stonehenge Inter Public Company Limited or STI A group of leaders in the integrated construction management and supervision business revealed that the STI group overall achieved success in 2022 from the gradual handover of the backlog at a high level. after the COVID situation is relaxed Reflecting on being a leading consultant who has been entrusted with designing and to supervise the construction of large-scale projects nationwide and still maintains its financial strength as well Causing the performance of the year 2022 to grow from the previous year.
For the 2022 operating results from January to December 2022, the company had service income of 1,736.8 million baht, an increase from the previous year at 1,732.8 million baht, with the main income coming from the construction management and control business. accounted for more than 81%, although some project development plans have slowed down due to the impact of the COVID-19 outbreak in the first quarter of 2022.
However, project work has gradually returned to development during the rest of the year after the COVID-19 pandemic continues as planned, such as the One Bangkok project, the double-track railway project. Map Kabao – Thanon Chira Junction Southern Purple Line Project Taopoon – Ratburana Laem Chabang Port Development Project, Phase 3, etc.
In addition, revenue from architectural and engineering design business and other businesses accounted for 19% increased. This is mainly due to the fact that this part of the service can be performed to deliver more under the situation of the COVID epidemic that tends to decrease. Especially for the part of Asian Engineering Consultants Co., Ltd. (AEC), a subsidiary company.
while the cost of services decreased Resulting in a gross profit of 538.4 million baht, an increase of 6.2% from the previous year, with a gross profit margin in 2022 at 31% and in 2021 at 29.3%, reflecting the ability to manage cost of services that Better after the epidemic of COVID subsides. Resulting in a net profit of 145.6 million baht, an increase compared to the same period last year with a net profit of 144.4 million baht.
Mr. Somkiat further said that in 2023, the STI group aims to grow revenue at least 10% from the previous year because the company sees opportunities from the overall recovery of the industry this year. The main driving factor comes from the continuity of the government’s investment budget and infrastructure development plans. To achieve the goals of the action plan under Thailand’s transportation development strategy, such as highways, railways, airports and large-scale construction projects linked to the Eastern Special Development Zone (EEC). and various commercial projects tends to gradually recover according to economic conditions
The STI Group is ready to provide consulting services for sustainable and environmentally friendly construction. Including the use of digital technologies for the construction industry such as Building Information Modeling (BIM), Internet of Things (IoT), and other modern technologies to raise the quality of work to international standards.
In addition, the STI group currently has a backlog of more than 4,200 million baht, preparing to gradually recognize revenue in the next 2-3 years, creating stability in gradual revenue recognition in the long run.
The meeting of the Board of Directors Approved a cash dividend payment to shareholders at the rate of 0.17 baht per share, paid from the net profit for the period 1 January – 31 December 2022, amounting to 102.51 million baht, representing a dividend payout ratio of 73% of profit. net profit for the year 2022 (consolidated financial statements) or 87% of the net profit for the year 2022 (separate financial statements). Determine the list of shareholders who are entitled to receive dividends (Record Date) on May 11, 2023. As for the date Not entitled to dividend (XD) on 10 May 2023 and scheduled for dividend payment within 25 May 2023
However, the right to receive dividends is uncertain. As it must be approved by the annual general meeting of shareholders on April 26, 2023.
