Bangkok--26 Jul--Thai Tap Water Supply
Thai Tap Water Supply Plc. announces total revenue of 1H'2013 performance which is 3,009 mil.Bt. with 16%. YoY growth, while net profit is 1,396 mil.Bt. or rose 21% YoY. Board of Directors approved interim dividend payment at 0.25 Bt./share.
Mr. Sompodh Sripoom, Managing Director of Thai Tap Water Supply Plc. (TTW) revealed that from 1H' 2013 audited financial report, the total revenue of TTW and its subsidiary is 3,009 million Baht, increased 16% comparing with the same period last year with total revenue of 2,588 million Baht. Net profit is 1,396 million Baht or 21% comparing with same period of last year with the net profit of 1,155 million Baht. The organic growth comes from water sale volume growth at 1H'2013 that TTW and its subsidiary water sale is 135.6 million cu.m., increased 3.6% comparing with the same period of last year. Lately, The Board of Directors approves interim cash dividend payment at the rate 0.25 baht per share, the payment date is 23 Aug 2013. The dividend payout ratio is 71%
As of 30 Jun 2013, TTW's total asset, total liabilities and total shareholders ' equity is 24,701 million Baht, 13,832 million Baht and 10,869 million Baht respectively.
Mr. Sompodh Sripoom, explained more that currently TTW is under considering the proposal of the 1,200 million Baht investment promotion privilege to be granted by the Board of Investment (BOI) with respect of tax relief measure in relation to the 2011 mega flooding, in the service area of Samutsakon, Nakhonpatom and Phatumtani,