OCEAN Makes a Turnaround to Book a Profit of ฿58Mn in 2020 after Expenses Decline

Ocean Commerce Public Company Limited (OCEAN) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

For the year 2020, OCEAN reported a net profit of 58.43 million baht, making a turnaround from a net loss in 2019 as the administrative expenses has decreased 28.85 million baht or 46.38% to 33.36 million baht compared to a year earlier. 

 

Total revenue was 627.22 million baht, decreasing 1,569.50 million baht or 71.45% compared to the revenue of 2,196.72 million baht in 2019. 

 

In addition, the Board of Directors of OCEAN has approved the omission of the annual dividend payment for the year 2020.