SABUY’s 2020 Net Profit Jumps 76%, Offering a Dividend of ฿0.03 with an XD on Apr. 27

Sabuy Technology Public Company Limited (SABUY) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

SABUY’s net profit for the 12-month period ended 31 December 2020, amounted to THB 102.06 million, an increase from the same period of year 2019 in the amount of THB 57.98 million or equivalent to 76.03% growth. Such increase in net profit was in accordance with the growth of gross profit and together with the cost management for administrative expenses.

 

Sale and service revenue rose by THB 170.43 million or 16.11% from the same period of the preceding year due to the increasing in revenue from the vending machine business whereby number of the company’s vending machines rose from 3,951 as at 31 December 2019 to 5,876 as at 31 December 2020. 

 

Consolidated gross profit wasTHB 628.0 million, or 22.37% growth from the same period of the preceding year due mainly to an increase in gross profit from sale revenue attributable to a high-margin vending machine business. The gross profit margin for the twelve months of 2020 was 42.91%, an increase from the same period of the preceding year which was 41.57%.

 

Total liabilities as of 31 December 2020 increased by 431.07 million baht or 53.40% from 31 December 2019 due to an increase in short-term and long-term loans from financial institutions to support the operations of Company and subsidiaries and the use of the financial reporting standard for lease (TFRS16).

 

In addition, the Board of Directors resolved to approve the dividend payment from the operating results from 1 January 2020 to 31 December 2020 of ฿0.03/share to be paid on May 14, 2021. The ex-dividend date is April 27, 2021.