THCOM Records THB144 Million in 2021 Earnings, Offering THB0.30 Dividend Payment

Thaicom Public Company Limited (SET: THCOM) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
143.64 513.78
Earning Per Share (Baht) 0.13 0.47
% Change -72.04

THCOM reported a net profit of 143 million baht in 2021, decreased 72% compared to a net profit of 513 million baht in 2020. During the period, the company consolidated revenue from sales of goods and rendering of services for 2021 was 3,303 million baht, decreased 7.1% from 3,557 million baht for 2020, due to the decrease of revenue from satellite and related services from broadcast customers as a result of utilization ramp-down from domestic clients, along with the Thaicom 5 satellite deorbit in February 2020 leaded to service termination of foreign customers that were not able to migrate to Thaicom’s other satellites.

Excluding the revenue and cost from extra items, THCOM incurred normalized net loss of 225 million baht, higher than the normalized net loss of 135 million baht in 2020.This was from recognized loss of 267 million baht from joint ventures.

The Board of Directors meeting, dated 4 February 2022, approved to propose to the shareholder’s meeting the dividend for 2021 performance of 329 million baht, or equivalent to THB0.30 per share. The ex-dividend date is on 17 February 2022.