CH. Karnchang Public Company Limited (SET: CK) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
905.696 | 612.158 |
| Earning Per Share (Baht) | 0.55 | 0.37 |
| % Change | 47.95 | |
CK reported a net profit of THB905.70 million in 2021, an improvement of THB293.54 million or increase of 47.95 percent as compared to the same period of the previous year. This was mainly due to the increased other revenue which are consist of the company has interest income of THB382.91 million related to construction period extension for Bang Phli-Suk Sawat (Bang Phli-Bang Khuntian) Expressway according to the Supreme Administrative Court’s decision and increase from gain on sales of land. Moreover, an increase in share of profit from investments in associated companies because of the better financial performance of CK Power Public Company Limited (SET: CKP) which has more electricity generation.
For the year 2021, CK reported revenues from construction contracts of THB12,198.80 million, representing 84.60 percent of total revenues, a decrease of THB4,546.97 million or 27.15 percent from last year. The revenue dropped because the Project Management, Supply and Installation of the M&E Systems for the MRT Blue Line Extension Project and Xayaburi Hydropower Project were almost complete while newly awarded projects are some just recently started, namely the Learning and Research Centre Commemorating Her Royal Highness Princess Chulabhorn’s 60th Birthday Anniversary and Water Transmission Tunnels along Kanchanaphisek Road. Moreover, some projects are signed in December 2021, namely the Construction of the Railway Project, Den Chai-Chiang Rai-Chiang Khong, Contract 2: Ngao-Chiang Rai Section and the Construction of the Railway Project, Den Chai-Chiang Rai-Chiang Khong, Contract 3: Chiang Rai-Chiang Khong Section.
Share of profit from investments in associated companies was THB1,087.89 million, up by THB231.27 million, or 27.00 percent, from the same period of last year. The growth mainly came from CKP’s improved performance from more electricity generation, while the COVID-2019 pandemic which led to less transportation still weakened the financial performance of Bangkok Expressway and Metro Public Company Limited.
In addition, the Board of Directors approved a dividend payment from the fiscal year 2021 at the rate of THB0.25 per share. The Ex-dividend date (XD) is set for 14 March 2022. The payment of the interim dividend will be made on 23 May 2022.
