DELTA’s Net Profit Plummets 42% to ฿2.9bn, Offering a Dividend at ฿1.80

Delta Electronics (Thailand) Public Company Limited (DELTA) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

In 2019, DELTA had a sales revenues amount 51,172 million baht, decreased 3.6% from 2018 and the net profit was reported at 2,959 million baht slumped 42% from 2018 mainly due to the decline in sales of the Power Electronic business group, especially sales of power supplies for the automotive (Electric Vehicle Solutions) sector which dropped down 23.0% from the of previous year.

DELTA has approved a dividend payment at 1.80 baht/share which will be paid on April 9, 2020.