2023-10-04 03:59:00
Wednesday 04 October 2023, 10.59 a.m.
SAV becomes a high dividend stock. Strong financial status, expected to pay half-year dividend at 0.75 baht/share, prepared to increase XD on 16 Oct., ready to pay on 31 Oct. ’23.
“SAV” board announces approval of interim dividend payment 0.75 baht per share Posted the XD sign on October 16th, after entering the trade for only 20 days.
Mr. Teerachai Phongpanangam, President of Samart Aviation Solutions Public Company Limited or SAV, revealed that the meeting of the Company’s Board of Directors Resolved to consider approving the payment of interim dividends in cash. From the operating results for the 6 month period to shareholders (Paid from retained earnings for January – June 2023) at the rate of 0.75 baht/share, totaling 480 million baht. The XD sign will be posted on October 16, 2023 and dividends will be paid on October 31, 2023.
For operating results for the 6-month period of 2023, total income was 710.42 million baht and net profit was 114 million baht. SAV is the sole provider of aeronautical radio services in Cambodia. Therefore, it is a highly stable business. and has a continuous good growth trend In line with the economic expansion and tourism industry of Cambodia. and other countries at the regional level. In addition, in a situation where the value of the baht is weak It has a positive effect on the increase in foreign exchange income.
In 2023, SAV expects service revenue to increase approximately 45% compared to the previous year. and will continue to grow It is expected that income in 2024 will increase by no less than 30% as well, even more so after raising funds on the stock exchange. The company will have a stronger financial position. By using the funds raised to repay all financial institution debt. As a result, the company is debt-free and has no interest burden, while business income has a clearly positive growth direction. This can be seen from the increase in the number of flights. Both flights take off and fly through Cambodian airspace, especially when entering the high season in the last quarter of the year. It will reflect clearer growth opportunities, Mr. Teerachai concluded.
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