Financial Performance (THB million)

Financial Position (THB million)

Unit: THB million

  2016 2017 2018
Financial Performance
Total Revenue* 4,440 6,643 5,684
Gross profit 2,125 4,127 3,225
Net profit 1,698 3,499 2,595
Financial Position
Assets 25,126 34,910 38,788
Liabilities 2,638 9,847 9,783
Equity 22,488 25,063 29,006
Key Financial Ratio
Gross margin (%) 47.9% 62.1% 56.7%
Net profit margin (%) 38.2% 52.7% 45.7%
ROA (%) 7.1% 11.5% 7.1%
ROE (%) 7.9% 14.7% 9.6%
Debt to equity ratio 0.12 0.39 0.34
Interest-bearing debts to equity (times) 0.08 0.36 0.31
EPS** (Baht per share) 3.44 7.08 4.87

* 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 1,015.2 million) and gain on price bargaining (THB 817.6 million), offset with non-recurring expenses (THB 94.7 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.