However, even though the net profit in 2020 declined from the year 2019, the Board of Directors still resolved to pay cash dividends to shareholders at the rate of 0.40 baht per share or no more than 123.48 million baht, representing 74.07% of the net profit held. It is a dividend payment that is higher than the dividend policy stipulated, not more than 50% of the net profit of the separate financial statements. (Separate financial statements have net profit of 166.60 million baht)
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This is in return for shareholders. And help ease the burden of the economic slowdown The Board therefore has a policy to allocate profits. To pay dividends to the shareholders as much as possible The names of shareholders entitled to receive dividends are scheduled on May 7, ’64 and the dividend will be paid within May 21, ’64. The shareholders’ meeting will be proposed for approval at the annual general meeting of shareholders. Holds shares on April 22.
Mr. Wiroj said the reason the company was able to continue generating net profits was due to cost cutting efforts. As well as various expenses To compensate for the decrease in sales, the company can still make a net profit. Which is the main profit from the construction segment
Especially construction work that focuses on super high-end jobs That requires a high level of technology and expertise. Which few people can do Therefore there are not many competitors Meanwhile, real estate projects Super high-end level There is still demand in the market. Because not affected Or have been affected not much from the economic conditions As a result, the company still has continuous construction work.
“During the past COVID The project owner used a close selection model by inviting only 1-2 contractors to negotiate and did not compete at the lowest price. Rather, it is a selection from management and planning with the project owner to create VALUE ENGINEERING for the best and most efficient construction work. At a reasonable price “
It is also a result of revenue recognition from a subsidiary, Pre-Built Development. That do real estate projects, high-end detached houses, descriptive The Phutthamonthon Sai 3 district, which has received a very good response, has started to recognize revenue since the 4th / 2020 quarter, considering the expansion of the business to invest in the low-rise property development project of the company has gone on the right path. Because of this group of customers Who want upper and middle level houses There is still a strong demand for houses and groups with high purchasing power. That are not affected by the economic crisis or have been affected not much
As for the business direction in 2021, we are confident that this year will continue to grow and take leaps. Currently, there are backlogs for both construction and real estate development, totaling 8,000 million baht, which will gradually be recognized in the three years, 2021-2022 and half of 2023. Will recognize income in the proportion of about 50-60% because this year is the year of harvesting returns from work. And investment in the past 1-2 years while the company continues to participate in bidding for new jobs. Continuously
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