DITTO Records 43% Profit Growth in 2023, Offering THB0.25 Dividend Payment

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

Year 2023 2022
Net Profit (Loss)
Million Baht
335.09 234.75
Earning Per Share
0.5170 0.3705
% Change 42.75

DITTO reported a net profit of 335.10 million Baht, an increase of 100.35 million Baht from the previous year, which is a 43% increase. The company still has net profit growth from system development software for workflow systems for customers, both government and the private sector, providing cyber security service and providing Business Process Outsourcing (“BPO”) customer base expansion, and the expansion of the technology engineering project on larger project investments. Gross profit margin is 30% decrease from the previous year mainly because the company has started working on a new zoo project in Q3/2023, therefore management costs have already occurred for the project and a higher amount compared to the revenue until the end of 2023. However, the company still has the amount of net profit in a good result due to the control of selling and administrative costs in line with revenue and business growth by developing the internal work process to increase efficiency.

In addition, the Board of Directors approved a dividend payment of THB0.25 per share to be paid on 15 May 2024. The ex-dividend date is 13 March 2024.