Bangkok--30 Jul--Thai Tap Water
Thai Tap Water Supply Plc. (TTW) shows the increase in the 2012 operating result of second quarter by 9% as compared to the same period in the last year. Its total revenue also rises by 14% along with increasingly paying interim dividend under BOI privilege by 50% as compared to the same period in the last year.
Mr. Sompodh Sripoom, Managing Director of Thai Tap Water Supply Plc. reveals that according to the Board of Director meeting no.3/2012 held on 26 July 2012, it approves the 2012 reviewed and consolidated financial statement indicating that the company and its subsidiaries have total revenue of 1,257 million bahts representing an increase in 9% as compared to that of 1,154 million bahts in the same period of previous year. Additionally, its net profit is 567.4 million bahts rising by 4% as compared to that of 545.9 million bahts in the same period of previous year as well. Moreover, its sale volume reaches by 66.2 million m3 implying the rise by 7% from the same period of last year which was 62.1 million m3.
Regarding to its consolidated financial statement in the first 6 months in 2012, the company and its subsidiaries has total revenue of 2,264 million bahts, net profit of 1,233 million bahts increasing by 17% from the same period of last year showing the net profit of 1,057 million bahts. The reason why its revenue and profit for the first 6 months increases results from sale volume meeting its target. Also, sale volume for the first 6 months is 131.0 million m3 which increases by 8% from the same period of previous year at 121.7 million m3. The company’s total asset, liabilities and shareholder portion as of 30 June 2012 are 24,488 million bahts, 14,057 million bahts and 10,430 million bahts, respectively.
Furthermore, the company has passed the resolution about its interim dividend payment of the net profit from BOI investment promotion during January-June 2012 to shareholders at 0.22 baht per share totaling by 887.8 million bahts. The date of dividend payment is set on 23 August 2012, the record date indicating the list of shareholder entitled to receive dividend is 9 August 2012 and the closing date to suspend the share transfer is hold on 10 August 2012. As a consequence, this interim dividend increases by 46.7% as compared to that of the same period of last year.
Mr. Sompodh also adds that in addition to tap water business and waste water treatment, the company is still eager for entering into energy and environmental businesses along with its re-branding activity. Once all things become more materialized, we are immediately able to inform and get the approval from shareholders.