TTW announces operating results for the first quarter of 2021 Net profit 701.8 million baht, up 10%
13 May 2021
TTW Public Company Limited or TTW, the country's largest private water supply producer in the Samut Sakhon-Nakhon Pathom and Pathum Thani-Rangsit areas, revealed its first quarter 2021 results with a net profit of 701.8 million baht. An increase of 63.9 million baht or an increase of 10.0% compared to the same quarter of the previous year
Ms. Walainut Trivisvavet (Managing Director), TTW Public Company Limited disclosed the operating results for the first quarter of 2021, the overall of the business performance has grown steadily with the company net profit of 701.8 million baht, an increase of 63.9 million baht or an increase of 10.0%. This is due to the increased profit sharing from investments in associates.
The total assets of the company and its subsidiaries as of March 31, 2021 amounted to 23,358.8 million baht, liabilities 9,041.8 million baht and shareholders' equity of 14,317.0 million baht, which had a debt: equity ratio of only 0.63.
Ms. Walainut Trivisvavet (Managing Director), TTW Public Company Limited, revealed that “Based on the current COVID-19 situation, the Company continues to plan for the management of the water production system to be clean and safe according to World Health Organization (WHO) standards, support for household water supply needs is increasing. Ready to take measures to cope with the COVID-19 situation by tightening practices for employees and taking care of office safety in all areas to reduce the chance of spreading the virus with a business continuity management plan. Continue to produce water supply to the Provincial Waterworks Authority sufficiently and continuously”