TTW revenue growth 13.8% Asked 0.30 baht dividend payment approval from shareholders in March

Stocks and Financial Services Press Releases Wednesday January 30, 2013 18:22
Bangkok--30 Jan--Thai Tap Water Supply

Thai Tap Water Supply Plc. (TTW) reported 2012 operating result, revenue and net profit hit the targets with the growth of 13.8% and 14.6% respectively, expected 0.30 Baht dividend payment end of March. It aims to increase sale volume in 2013 for 7% and plans to invest 5,000 million baht with confidents to have 2 digits revenue growth.

Mr.Somphod Sripoom, The Managing Director, revealed that the Company’s Board of Directors approved the 2012 Financial Statement which showed that Thai Tap Water Supply Plc. and its subsidiary has total revenue 5,273 million Baht, rose of 13.8% from 2011, net profit was 2,422 million Baht, up 14.6% from 2011. Total asset as of 31 December 2012 was 24,670 million Baht, Liabilities 13,927 million Baht and Equity 10,743 million Baht.

For Q4/2012 operating result, Thai Tap Water Supply Plc. and its subsidiary has total revenue 1,320 million Baht or rose by 11.7% from the same period of 2011 while the net profit was 560 million Baht increased 11.4% from the same period last year.

From 2012 company’s performance and current financial status, the company’s Board of Directors deemed to propose dividend payment approval for 0.52 Baht per share on Annual General Meeting of Shareholder, 22nd March 2013. The company already paid the interim dividend for 0.22 Baht in August 2012 and the last dividend payment for 2012 performance is 0.30 Baht and will be paid on 29th March 2013, the Dividend record date is on 13th February 2013 and XD Date is on 14th February 2013.

Mr.Somphod also adds that for 2012 performance is quite a pleasant number as the company is still grow with 2 digits as target even though in 2012 the company tax privilege from water sale volume 320,000 cu.m./day was expired since July 2012.

For 2013 business plan, TTW targeting sale volume growth at least 7% and preparing to invest 5,000 million Baht on investment projects such as water business expansion, energy and environment business ie. solar farm, wind farm and waste water treatment. TTW still confidents that the revenue growth will remain 2 digits.

During 22-24 February 2013, TTW and press groups are going to Myanmar, one of the target country that TTW focusing on. After that, 26-28 February 2013, TTW will conducted a roadshow in Hong Kong, to present company’s information and 2012’s operating results as well as other investment plans to current and new investors.

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