PSTC Reports an Outstanding-Growth of 36 Folds to Book a Net Profit in 2019 at ฿3.1bn!

Power Solution Technologies Public Company Limited (PSTC) has reported its yearly consolidated financial statement of 2019 through the Stock Exchange of Thailand as follows;

PSTC recorded a soaring net profit of 3,128.78million baht in 2019, increased 3,044.14million baht or 3,596.72% from a net profit of 84.6 million baht in 2018.

The increase was mainly due to the increase of PSTC’s total revenues for 2019 at 6,596.95 million baht increased from the same period of the previous year in the amount of 3,610.30 million baht or 120.88%. The increase in revenue was due to the construction of 276.36 million baht came from the Oil Tank. Moreover, the company also booked 3,383.26 million baht came from selling the shares of Thai Pipeline Network Company Limited (TPN) 43% to Electricity Generating Public Company Limited (EGCO).

 

In addition, the Board of Directors of PSTC has approved a resolution for a dividend payment to be paid on May 29, 2020, at a value of ฿0.01/share with an ex-dividend date on March 13, 2020.