GGC Jumps 5% after Reporting a Skyrocket Net Profit in 2020 of 5 Folds!

The share price of Global Green Chemical Public Company Limited (GGC) rose ฿0.50/share or 4.85% to ฿10.80/share as of 10:15 local time in Thailand on Thursday after reporting a soaring net profit in 2020.

 

The share price of GGC has been on a rise since February 5, 2021, representing a total of 11.34% of gain.

 

In 2020, GGC recorded a net profit of 560 million baht, jumped 495% from a net profit of 94 million baht in 2019. As for performance in FY2020, GGC recorded the total revenue of 18,203 million baht, rose by 39% from FY2019 and Adjusted EBITDA of 1,092 million baht, increased by 73% from FY2019. In addition, the company had a stock gain & NRV of 136 million baht.

 

The Board of Directors of GGC approved the resolution to pay a dividend payment of ฿0.35/share to be paid on April 21, 2021. The ex-dividend date will be on February 25, 2021.