Bangkok--13 May--IR PLUS
PCA has projected its revenue in 2016 with 15% growth on telecommunications business through PlanetFiber and AEC market, potentially generating continuous gain for its shareholders. Resolved by PCA Ordinary Shareholders' Meeting in 2016 held on April 28, it was approved for dividend payment of Baht 0.14 per share, or 69 % of dividend payout ratio. "Prapat Rathlertkarn" gave investors a confidence in PCA operating performance in 2016, aiming at continuous payback to shareholders.
Mr. Prapat Rathlertkarn, as President and Chief Executive Officer revealed PCA action plan in 2016. The Company focuses on its growth in systemization technologies, satellite mobile vehicle production, "Fiber to The Room 1Gbps" light speed internet service through fiber optic from the host to client's room in condominium, systemization and satellite expansion in Asian Region. The Company's forecasted revenue would be 15% growth from last year. The major business driving for its revenue would be the newly launched "PlanetFiber GigaNET" as pioneering "Fiber to The Room 1Gbps" light speed internet service through fiber optic from the host to client's room in condominium with its strength in most advanced technology and high stability of signal. In 2016, the targeted number of clients is 10,000 persons. In 2017, it is targeted that among 120 condominium projects covering 100,000 rooms, 50,000 clients or about 50% of total number of rooms will be of PCA service, projecting 30-40% margin and supporting the Company's consistent growth in its operating performance.
The Annual General Meeting of the Shareholders in 2016 was held on April 28, 2016 at Grand Hall II Room of Rama Gardens Hotel. One of the agenda of meeting was to give approval on dividend payment from the operating performance in 2015 at the rate of 0.14 Baht per share or 69% of dividend payout ratio. It was stipulated that the date of no dividend payment (XD) was May 13, 2016 and the date of dividend payment was May 26, 2016 which it was expected that the agenda would be approved by the Meeting.
"To express gratitude to the Company's shareholders, the Company had approved the dividend payment at the high rate of 69% of net profit or 0.14 Baht per share. It was then resolved by the Meeting for dividend payment and for giving investors a confidence in the Company's operating performance in 2016. The target was set for 15% growth from last year which the Company's revenue was 1,028 million Baht", said Mr. Prapat.
For the Company's operating performance in 2015, the Company's revenue was 1,027.7 million Baht, of which 1,019.2 million Baht was generated from sales and services revenue. These rising revenues was from the product under PlanetComm brand and services sale, while revenue from other activities amounted 8.5 million Baht. The net profit was at 53.4 million Baht or 5.2% net profit of PCA total revenue.