Financial Performance (THB million)
Financial Position (THB million)
| 2023 | 2022 | 2021 Restated |
|
|---|---|---|---|
| Consolidated financials (Baht million) | |||
| Total revenue* | 7,386 | 8,392 | 6,848 |
| Gross profit | 4,686 | 4,878 | 4,543 |
| EBITDA | 3,733 | 4,122 | 4,043 |
| Net profit | 3,095 | 3,361 | 3,585 |
| Total assets | 65,254 | 61,719 | 55,432 |
| Investments | 55,881 | 51,678 | 47,613 |
| Real estate and other fixed assets | 6,851 | 5,817 | 5,810 |
| Total liabilities | 18,786 | 17,269 | 13,179 |
| Interest-bearing debt | 17,108 | 15,339 | 11,724 |
| Total shareholders' equity | 46,468 | 44,449 | 42,253 |
| Net cash flow from operating activities, including dividend received | 1,348 | 1,470 | 1,243 |
| Profitability ratio (%) | |||
| Gross margin | 63.5% | 58.1% | 66.3% |
| EBITDA margin | 50.5% | 49.1% | 59.0% |
| Net profit margin | 41.9% | 40.1% | 52.4% |
| Return on assets (ROA) | 4.7% | 6.0% | 6.3% |
| Return on equity (ROE) | 6.8% | 7.8% | 8.8% |
| Leverage ratio (Times) | |||
| Debt to equity ratio | 0.40 | 0.39 | 0.31 |
| Interest-bearing debt to equity ratio | 0.37 | 0.35 | 0.28 |
| Interest coverage ratio | 7.54 | 11.26 | 12.64 |
| Per share data (Baht per share) | |||
| Earnings per share** | 5.41 | 5.88 | 6.27 |
| Book value per share | 81.25 | 77.72 | 73.88 |
| Dividend per share*** | 0.80 | 0.80 | 0.80 |
| Dividend payout ratio (%) | 14.8% | 13.6% | 12.8% |
| Share information as of 31 December | |||
| Par value (Baht per share) | 1.00 | 1.00 | 1.00 |
| Share price (Baht per share) | 71.25 | 71.00 | 70.50 |
| Outstanding shares (shares) | 571,890,666 | 571,890,666 | 571,890,666 |
| Market capitalisation (Baht million) | 40,747 | 40,604 | 40,318 |
Remark:
* Including revenue from share of profit from investments in associates and joint ventures
** Calculated using weighted average number of ordinary shares
*** Dividend per share for 2023 has been consented as per the Board of Directors' resolution on 29 Febuary 2024 and will be proposed in the Annual General Meeting of Shareholders on 22 April 2024.
In 2022, there were extraordinary items amounting to Baht 1,242 million, consisting of gain on bargain purchase (Baht 932 million) from additional investment in Thanulux Public Company Limited ("TNL"), gain on sales of investment (Baht 379 million) due to the disposal of a subsidiary, and net profit after tax (Baht 76 million) from TNL which was a subsidiary during the period, offset with loss (after tax) on exchange in investment classification (Baht 113 million) and loss (after tax) from fair value measurement of other financial assets (Baht 32 million).
In 2021, there were extraordinary items amounting to Baht 1,574 million, consisting of gain from fair value measurement of other financial assets (Baht 572 million), gain on change in investment classification (Baht 378 million), gain on variance between net assets at acquisition date and amount paid for acquisition of two associate companies (Baht 369 million), and dividend income from investment in current financial assets (Baht 255 million).
