Financial Performance (THB million)

Financial Position (THB million)

Unit: THB million

  2017 2018 2019
Financial Performance
Total Revenue* 6,643 5,684 5,326
Gross profit 4,127 3,225 2,925
Net profit 3,499 2,595 2,271
Financial Position
Assets 34,910 38,799 41,575
Liabilities 9,847 9,794 11,042
Equity 25,063 29,005 30,533
Key Financial Ratio
Gross margin (%) 62.13% 56.74% 54.91%
Net profit margin (%) 52.67% 45.66% 42.63%
ROA (%) 11.51% 7.12% 5.63%
ROE (%) 14.73% 9.61% 7.63%
Debt to equity ratio 0.39 0.34 0.36
Interest-bearing debts to equity (times) 0.36 0.28 0.28
EPS** (Baht per share) 7.08 4.87 3.97

* Including revenue from share of profit from investments in associates

** Calculated using weighted average number of ordinary shares

In 2018, there were extraordinary items, consisting of gain on change in investment classification (THB 434.0 million) mainly as a result of additional investment in Sahacogen (Chonburi) Plc. (Shareholding increased from 16.88% to 20.88% as at 31 December 2018) and disposal of investment in Thai Hoover Industry Co., Ltd. (Shareholding decreased from 33.58% to 19.40% as at 31 December 2018).

In 2017, there were extraordinary items,, consisting of gain on change in investment classification (THB 1,015.17 million) and gain on price bargaining (THB 817.65 million), offset with non-recurring expenses (THB 94.71 million after tax) which were related to an entire business transfer ("EBT") of President Holding Co., Ltd. and issuance of convertible debentures in June 2017.