MTC Records 22% Rise in Revenue in 2023 with a Dividend Payment of THB0.21

Muangthai Capital Public Company Limited (SET: MTC) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)
Million Baht
4,906.47 5,093.09
Earning Per Share
2.3100 2.4000
% Change -3.66

MTC reported a net profit of Baht 4,906 million in 2023, decreased 3.66% from 2022. The decrease was mainly due to higher expenses, financial costs and more expected credit loss during the period. Meanwhile, total revenue increased 22% to Baht 24.5 million in 2023. 

As at 31 December 2023, the number of branches was 7,537, increasing by 869 branches, from the end of the year 2022. 

In addition, the company announced a dividend payment of THB0.21 per share to be paid on 16 May 2024. The ex-dividend date is 29 April 2024.