TTW reveals the operating results for 2020, net profit of 2,951.5 million baht Prepare to announce dividend payment for the second half of the year, another 0.30 baht / share
23 February 2021
23 February2021 – TTW Public Company Limited, the country's largest private water producer in the Samut Sakhon - Nakhon Pathom and Pathum Thani - Rangsit areas, reveals the operating results for 2020. The Company and its subsidiaries have total income of 6,193 million baht, an increase of 0.7% from the same period of the previous year, with a net profit of 2,951.5 million baht, a 5.6% decrease from the previous year due to a decrease in profit sharing from its subsidiaries.
The overall water management business was still growing compared to the same period of the previous year. Especially the operating income of the Pathum Thani Water Company Limited increased in line with the higher household water demand. In addition, the financial cost management has decreased because the Company repaying matured bonds and loan refinancing results in lower financial costs.
The total assets of the Company as of 31 December 2020 amounted to 22,842.4 million baht, total liabilities 9,142.8 million baht, and shareholders' equity of 13,699.6 million baht and the debt: equity ratio of only 0.67 times.
Based on the 2020 performance and the current financial position of the Company, the Board of Directors' Meeting deemed it appropriate to propose the 2021 Annual General Meeting of Shareholders to be held on April 8, 2021 to approve the second half At the rate of 0.30 baht per share, the record date is set to be on March 9, 2021 and the dividend will be paid on April 30, 2021. Dividend throughout 2020 at the rate of 0.60 baht per share.
As for the drought in 2021, according to estimates from the Irrigation Department, it was found to be more severe than last year. As the water level in the main dam is low, the amount of water is used for human consumption and preserving ecosystems is limited. The company is aware of such problems and has prepared a drought prevention plan by increasing the frequency of raw water quality monitoring and 24-hour surveillance, including tightening the raw water pumping management to maintain tap water quality to be clean and safe in accordance with World Health Organization (WHO) standards and able to supply adequate and continuous tap water to support the demand for tap water in service areas.
TTW is committed to conducting business for a better quality of life to the people, taking into account the quality, cleanliness and sufficiency continuity of service and will not stand still in the development, moving forward to raise the standard