Karnchang Public Company Limited (SET: CK) has announced its 2022 consolidated financial statement through the stock exchange of Thailand as follows;
| Year | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
1,104.61 | 905.70 |
| Earning Per Share (Baht) |
0.6700 | 0.5500 |
| % Change | 21.96 | |
CK reported a net profit of 1,105 million baht in 2022, increased 21.96% from a net profit of 905 million baht in 2021. This was mainly due to the increase by share of profit from investments in associated companies.
The total revenue of the company in 2022 was 19,660 million baht, an increase from the same period of the previous year 14,419 million baht, or an increase of 36.35%. The increase in total revenue was mainly due to increased revenue from the company and its subsidiaries from the progress of construction revenue in the construction of the railway project, Den Chai Chiang Rai-Chiang Khong, contract 2: Ngao-Chiang Rai Section and the construction of the railway project, Den Chai-Chiang Rai-Chiang Khong, contract 3: Chiang Rai-Chiang Khong section, and preliminary construction works.
Despite a rise in revenue, the company and its subsidiaries registered a cost of construction services amounting to Baht 16,711 million, an increase by Baht 5,475 million or 48.73% from the same period of the prior year, and also had administrative expenses of Baht 1,927 million, up by Baht 12 million nearly with the same period of the last year from employee-related expenses.
The company and its subsidiaries’ gross profit was Baht 1,386 million, an increase by Baht 423 million or 43.89% from the same period of last year due to increased revenues from construction contracts.
In addition, the Board of Directors of CK announced a THB 0.10 of dividend payout to be paid on 23 MAY 2023. The ex-dividend date is on 13 MAR 2023.
