MTC’s Earnings in 2020 Expands 23% to ฿5.2Bn, Offering a Dividend of ฿0.37
MTC’s Earnings in 2020 Expands 23% to ฿5.2Bn, Offering a Dividend of ฿0.37
MTC’s Earnings in 2020 Expands 23% to ฿5.2Bn, Offering a Dividend of ฿0.37
17 ก.พ. 2564

Muangthai Capital Public Company Limited (MTC) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

MTC’s net profit for the year ended December 31, 2020 was 5,214 Million Baht, increased from last year 977 Million Baht or 23.06%, or equivalent to net profit margin of 35.39%. Total revenue was 14,733 Million Baht, increased from last year 2,045 Million Baht or 16.12%. Selling and administrative expenses for the year ended December 31, 2020 was 6,144 Million Baht, increased from last year 830 Million Baht or 15.62%, due to the increase of depreciation expense from adoption of TFRS16 and employee’s salary as a result of the expansion of branches and employee. 
 
Expected credit loss for the year ended December 31, 2020 was 291 Million Baht. While finance costs were 1,817 Million Baht, increased from last year 290 Million Baht or 18.99% due to the increase of loans and interest rate calculated in accordance with TFRS16. 
 
Loan receivable quality or non-performing loan ratio for the year ended December 31, 2020 is 1.06%, (31 December 2019: 1.03%) and Debt-to-Equity Ratio (D/E) was 2.73 times.
 
MTC’s Board of Directors also approved the dividend payment of the operation for the fiscal year of 2020 at Baht 0.37 per share to be paid on May 17, 2021. The ex-dividend date will be on April 29, 2021.