Delta Electronics (Thailand) Public Company Limited (SET: DELTA) has announced its 2021 consolidated financial statement as follows;
|Net Profit (Loss)
|Earning Per Share (Baht)5||5.34||5.69|
DELTA reported a net profit in 2021 of THB6,699 million, a decrease of 5.67% from the same period of last year, while earnings per share was THB5.37baht in 2021 compared to THB5.69 in 2020.
In 2021, consolidated sales revenues amount THB84,318 million, increasing 33.4% from 2020, this was mainly contribute from the boost up of Electric Vehicle Solutions due to the coming of EV megatrend along with the steadily growth of Power Electronic business group, especially in Cloud Computing and Data Center segment.
Meanwhile, selling and administrative expenses (including research and development) in 2021 increased 30.5% from 2020. This is due to the dramatic increase in Shipping cost from ocean transportation bottlenecks along with the remarkable increase of R&D activities in Europe for those of EV customers (A significant increase in electric vehicles will be needed to achieve EU targets to cut CO2 emissions from cars by 55% and vans by 50% within 2030).
Breakdown of assets in 2021 vs. 2020;
DELTA’s cash and cash equivalents were THB6,572 million in 2021, trade and other receivables were THB20,593 million, and inventories were THB19,581 million, compared to THB13,882 million in 2020, trade and other receivables were THB13,997 million, and inventories were THB12,655 million in 2020.
In addition, the Board of Directors passed a resolution to pay a dividend from the year 2021 at the rate of THB1.70 per share. The Ex-dividend date (XD) is set for 28 February 2022. The payment of the interim dividend will be made on 22 April 2022.