Reported Earnings • May 20
First quarter 2026 earnings released: EPS: ฿0.06 (vs ฿0.06 in 1Q 2025) First quarter 2026 results: EPS: ฿0.06 (in line with 1Q 2025). Revenue: ฿1.52b (down 12% from 1Q 2025). Net income: ฿31.1m (up 5.7% from 1Q 2025). Profit margin: 2.0% (up from 1.7% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 12
Upcoming dividend of ฿0.08 per share Eligible shareholders must have bought the stock before 19 March 2026. Payment date: 22 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (6.8%). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: ฿0.03 (vs ฿0.15 in FY 2024) Full year 2025 results: EPS: ฿0.03 (down from ฿0.15 in FY 2024). Revenue: ฿6.19b (down 16% from FY 2024). Net income: ฿13.5m (down 81% from FY 2024). Profit margin: 0.2% (down from 1.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annuncio • Feb 26
Asia Metal Public Company Limited Proposes Dividend for the Fiscal Year Ended December 31, 2025, Payable on May 22, 2026 Asia Metal Public Company Limited at its board meeting held on February 24, 2026, approved to propose at its Annual General Meeting of Shareholders to be held on April 28, 2026, proposed the dividend payment from the operating results of the fiscal year ended December 31, 2025 at the rate of THB 0.08 per share, totaling an amount not exceeding THB 38.40 million. The dividend will be paid from the unappropriated retained earnings of the separate financial statements (as of December 31, 2025). The Company has fixed the Record Date to determine the list of shareholders entitled to receive the dividend on March 20, 2026, and the dividend payment date is scheduled for May 22, 2026. However, the right to receive such dividend remains uncertain as it is subject to the approval of the 2026 AGM. Declared Dividend • Feb 26
Dividend reduced to ฿0.08 Dividend of ฿0.08 is 20% lower than last year. Ex-date: 19th March 2026 Payment date: 22nd May 2026 Dividend yield will be 3.8%, which is lower than the industry average of 6.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Annuncio • Feb 25
Asia Metal Public Company Limited, Annual General Meeting, Apr 28, 2026 Asia Metal Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time. Location: bitec bangna, bangkok debaratna road, bangna tai, bangna, bangkok Thailand Reported Earnings • Nov 14
Third quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.02 profit in 3Q 2024) Third quarter 2025 results: ฿0.01 loss per share (down from ฿0.02 profit in 3Q 2024). Revenue: ฿1.39b (down 12% from 3Q 2024). Net loss: ฿6.01m (down 153% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.13 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.02 (down from ฿0.13 in 2Q 2024). Revenue: ฿1.81b (down 6.8% from 2Q 2024). Net income: ฿10.3m (down 83% from 2Q 2024). Profit margin: 0.6% (down from 3.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.15 in 1Q 2024) First quarter 2025 results: EPS: ฿0.06 (down from ฿0.15 in 1Q 2024). Revenue: ฿1.74b (down 22% from 1Q 2024). Net income: ฿29.4m (down 60% from 1Q 2024). Profit margin: 1.7% (down from 3.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 13
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 20 March 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (7.6%). Lower than average of industry peers (7.7%). Declared Dividend • Feb 24
Dividend of announced Shareholders will receive a dividend of . Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 60% to shift the payout ratio to a potentially unsustainable range, which is more than the 13% EPS decline seen over the last 5 years. Reported Earnings • Feb 24
Full year 2024 earnings released: EPS: ฿0.15 (vs ฿0.87 in FY 2023) Full year 2024 results: EPS: ฿0.15 (down from ฿0.87 in FY 2023). Revenue: ฿7.32b (down 7.7% from FY 2023). Net income: ฿71.2m (down 83% from FY 2023). Profit margin: 1.0% (down from 5.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Annuncio • Feb 24
Asia Metal Public Company Limited Proposes Cash Dividend for the Operating Period from 01 January 2024 to 31 December 2024, Payable on 22 May 2025 Asia Metal Public Company Limited at its Annual General Meeting of Shareholders to be held on 24 April 2025, proposed cash dividend of THB 0.10 per share for the operating period from 01 January 2024 to 31 December 2024, payable on 22 May 2025. Record date for the right to receive dividends is on 21 March 2025 with Ex-dividend date is on 20 March 2025. Annuncio • Feb 22
Asia Metal Public Company Limited, Annual General Meeting, Apr 24, 2025 Asia Metal Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: bitec bang-na, Thailand Buy Or Sell Opportunity • Feb 07
Now 21% overvalued Over the last 90 days, the stock has fallen 39% to ฿1.95. The fair value is estimated to be ฿1.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%. Buy Or Sell Opportunity • Jan 20
Now 22% overvalued Over the last 90 days, the stock has fallen 41% to ฿1.95. The fair value is estimated to be ฿1.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%. Buy Or Sell Opportunity • Jan 03
Now 21% overvalued Over the last 90 days, the stock has fallen 43% to ฿1.91. The fair value is estimated to be ฿1.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 45%. New Risk • Dec 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (฿1.06b market cap, or US$30.8m). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ฿2.20, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 17x in the Metals and Mining industry in Thailand. Total loss to shareholders of 50% over the past three years. New Risk • Nov 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 4.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (฿1.41b market cap, or US$40.8m). Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: ฿0.13 (vs ฿0.15 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.13 (down from ฿0.15 in 2Q 2023). Revenue: ฿1.95b (up 3.6% from 2Q 2023). Net income: ฿62.4m (down 13% from 2Q 2023). Profit margin: 3.2% (down from 3.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.15 (vs ฿0.33 in 1Q 2023) First quarter 2024 results: EPS: ฿0.15 (down from ฿0.33 in 1Q 2023). Revenue: ฿2.24b (up 16% from 1Q 2023). Net income: ฿74.3m (down 54% from 1Q 2023). Profit margin: 3.3% (down from 8.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Annuncio • May 16
Asia Metal Public Company Limited Approves Dividend for the Year 2023, Payable in May 2024 Asia Metal Public Company Limited At the annual general shareholders' meeting of the Company held on 23 April 2024, the Company's shareholders approved the appropriation of dividend of THB 0.19 per share for 480.1 million ordinary shares, totaling THB 91.2 million, from the profit attributable to equity holders of the Company for the year 2023. The Company will pay dividend to the Company's shareholders in May 2024. Upcoming Dividend • Mar 14
Upcoming dividend of ฿0.19 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 23 May 2024. Trailing yield: 5.7%. Lower than top quartile of Thai dividend payers (5.8%). Higher than average of industry peers (5.1%). Annuncio • Feb 23
Asia Metal Public Company Limited, Annual General Meeting, Apr 23, 2024 Asia Metal Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Location: BITEC Bangna Exhibition and Convention Center No. 88 Debaratana Road, Bangna Tai Subdistrict, Bangna District, Bangkok. Bangkok Thailand Agenda: To Consider certifying the minutes of the 2023 Annual General Meeting of Shareholders on April 22, 2023; To Consider and acknowledge the Company's operating result for the fiscal year 2023,ending on December 31, 2023; To Consider and approve the Company's financial statements for the fiscal year 2023,ending on December 31, 2023; To Consider and approve the allocation of annual net profit and dividend payment for the year 2023; To Consider and approve the appointment of directors replacing those who retire by rotation. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿0.87 (vs ฿0.13 loss in FY 2022) Full year 2023 results: EPS: ฿0.87 (up from ฿0.13 loss in FY 2022). Revenue: ฿7.93b (up 43% from FY 2022). Net income: ฿417.0m (up ฿481.2m from FY 2022). Profit margin: 5.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Annuncio • Feb 23
Asia Metal Public Company Limited Proposes Dividend for the Year 2023, Payable on May 22, 2024 Asia Metal Public Company Limited at the Annual General Meeting of Shareholders to be held on April 23, 2024 proposed to approve the dividend payment of year 2023 at THB 0.19 per share with an amount not exceeding THB 91.22 million from the unappropriated retained earnings of the Company's separate financial statement as ended 31 December 2023. The date March 22, 2024, is designated as the Record Date for determining the list of shareholders entitled to receive dividends, with dividend payment scheduled for May 22, 2024. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.16 (vs ฿0.37 loss in 3Q 2022) Third quarter 2023 results: EPS: ฿0.16 (up from ฿0.37 loss in 3Q 2022). Revenue: ฿2.04b (up 69% from 3Q 2022). Net income: ฿78.8m (up ฿258.1m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Buying Opportunity • Oct 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be ฿3.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.15 (vs ฿0.028 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.15 (up from ฿0.028 loss in 2Q 2022). Revenue: ฿1.88b (up 38% from 2Q 2022). Net income: ฿71.4m (up ฿84.7m from 2Q 2022). Profit margin: 3.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Annuncio • Jun 22
Asia Metal Public Company Limited (SET:AMC) agreed to acquire an additional 5% stake in Prime Steel Mill Co., Ltd. from Chusak Yongvongphaiboon for THB 48 million. Asia Metal Public Company Limited (SET:AMC) agreed to acquire an additional 5% stake in Prime Steel Mill Co., Ltd. from Chusak Yongvongphaiboon for THB 48 million on June 21, 2023. The consideration will be funded through working capital of Asia Metal Public Company Limited. As of December 21, 2022, Prime Steel Mill Co., Ltd. reported net loss of THB 24 million and Total equity of THB 1.5 billion. The deal has been approved by board of directors of Asia Metal Public Company Limited. The deal is expected to be completed within June, 2023. Buying Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be ฿3.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 56%. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Piboonsak Arthabowornpisan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 26% share price decline to ฿3.38, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Thailand. Total returns to shareholders of 93% over the past three years. Reported Earnings • Aug 12
Second quarter 2022 earnings released: ฿0.15 loss per share (vs ฿0.67 profit in 2Q 2021) Second quarter 2022 results: ฿0.15 loss per share (down from ฿0.67 profit in 2Q 2021). Revenue: ฿1.36b (down 45% from 2Q 2021). Net loss: ฿13.3m (down 104% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.53 in 1Q 2021) First quarter 2022 results: EPS: ฿0.21 (down from ฿0.53 in 1Q 2021). Revenue: ฿1.61b (down 2.2% from 1Q 2021). Net income: ฿102.7m (down 60% from 1Q 2021). Profit margin: 6.4% (down from 16% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 04
Upcoming dividend of ฿0.34 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Thai dividend payers (5.2%). In line with average of industry peers (6.7%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Piboonsak Arthabowornpisan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿1.96 (up from ฿0.28 in FY 2020). Revenue: ฿7.80b (up 57% from FY 2020). Net income: ฿940.3m (up ฿807.3m from FY 2020). Profit margin: 12% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 16% share price gain to ฿6.15, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Thailand. Total returns to shareholders of 221% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.049 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿1.80b (up 62% from 3Q 2020). Net income: ฿167.4m (up ฿143.9m from 3Q 2020). Profit margin: 9.3% (up from 2.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.67 (vs ฿0.12 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿2.45b (up 131% from 2Q 2020). Net income: ฿321.6m (up 460% from 2Q 2020). Profit margin: 13% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 23% share price gain to ฿5.35, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Metals and Mining industry in Thailand. Total returns to shareholders of 121% over the past three years. Reported Earnings • May 22
First quarter 2021 earnings released: EPS ฿0.53 (vs ฿0.024 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.65b (up 1.8% from 1Q 2020). Net income: ฿256.7m (up ฿268.0m from 1Q 2020). Profit margin: 16% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 17% share price gain to ฿3.52, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 20x in the Metals and Mining industry in Thailand. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 23% share price gain to ฿2.84, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 15x in the Metals and Mining industry in Thailand. Total returns to shareholders over the past three years are 7.6%. Is New 90 Day High Low • Mar 08
New 90-day high: ฿2.56 The company is up 43% from its price of ฿1.79 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ฿0.28 (vs ฿0.30 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ฿4.98b (down 8.3% from FY 2019). Net income: ฿133.1m (down 8.7% from FY 2019). Profit margin: 2.7% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 29
New 90-day high: ฿2.48 The company is up 72% from its price of ฿1.44 on 30 September 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to ฿1.91, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.6x. This compares to an average P/E of 16x in the Metals and Mining industry in Thailand. Total return to shareholders over the past three years is a loss of 29%. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 15% share price gain to ฿1.79, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 10x. This compares to an average P/E of 15x in the Metals and Mining industry in Thailand. Total return to shareholders over the past three years is a loss of 34%. Is New 90 Day High Low • Dec 04
New 90-day high: ฿1.64 The company is up 4.0% from its price of ฿1.58 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS ฿0.054 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: ฿1.11b (down 23% from 3Q 2019). Net income: ฿23.5m (down 21% from 3Q 2019). Profit margin: 2.1% (up from 2.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. 
