Bangkok--28 Feb--Penettrate Communications
- Cash on hand increases 193% to 2,414 Million Baht!
- Forecast 30-40% growth this year
Toyo-Thai Corporation Plc (TTCL) reports a high 70% revenue growth in 2011 to 8,996 million baht. Cash On hand jumps 193% to 2,114 million baht. Company expects to grow further 30-40% in 2012.
Khun Kobchai Thanasukarn, General Manager — Finance and Investor Relations of Toyo- Thai Corporation Plc (TTCL) , Thailand’s only All-round Integrated EPC Contractor, reveals that “In 2011, we have achieved a Tremendous Growth with a 70% revenue increase to 8,896 million baht from revenue of 5,258 million baht in 2010. Our cash on hand jumps a significant 193% to 2,441 million baht from 832 million baht in 2010. The gross profit increases 22% to 1,043 million baht, from 856 million baht while net profit jumps 18% to 399 million baht, from 337 million baht in 2010. Our net profit margin is 4.44%, our Return on Equity (ROE) is a high 24% while an earnings per shares jumps 19% to 0.83 baht from 0.70 baht in 2010. The company will pay out dividend , totaling 206 million baht or equaling 0.43 baht per share. We will pay a final 0.25 baht dividend per share in the end of April, as we already paid an interim dividend of 0.18 baht earlier. As of December 31st, 2011, we have a backlog of over 15,000 million baht and will realize most of it in 2012. Therefore, our revenues should grow further for 30-40%. In addition, we are bidding for many projects worth over 50,000 million baht.”
“TTCL will concentrate on expanding our business not only undertake an integrated EPC construction work, but also jointly invest in the interesting projects both domestic and international by focusing on public utility and energy projects. Our important projects are NNE power plant and Siam Solar Power Plant (SSP) which the company jointly invests with KOMIPO (Korea Midland Power Co., Ltd.), a leading Korea-based International Power Plant Operator and Contractor. Moreover, TTCL starts to realize revenue from NNE project by 1st quarter of 2013, making our income more stable and sustainable.” Khun Kobchai adds.
Founded in 1985, by Toyo Engineering (JAPAN), Japan’s 3rd Largest EPC Contractor and Italian-Thai Development Plc., Thailand’s largest Contractor, Toyo-Thai Corporation Plc. has a registered capital of 480 million baht. Recently, Chiyoda Group, Japan’s 2nd largest EPC contractor has invested and holds 7% shares in the company. TTCL is the only Thai Contractor which has continuously achieved Net profits for over 27 years. With the largest team of engineers in all disciplines in Thailand, TTCL has employed over 850 engineers out of total 1,600 employees. The company’s track records cover over 190 projects, with combined project value of 60,000 million baht. Its expertise ranges from Chemical, Petrochemical, Fertilizer Plants, Oil & Gas to Power Plants for many recognized global customers and many large listed conglomerates such as PTT Group, SCG Group, Vinythai Group, Kao Group from Japan and German’s Bayer Group. The company has continued to win repeated businesses from its large pool of global customers who keep investing in building new industrial plants. With highly successful international records, TTCL has focuses on such key countries as Vietnam, Malaysia, Myanmar, Philippines and USA where it has local subsidiaries. Its other main markets are China, Asian Countries, Middle East Countries and Africa
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