DMT Reports 28% Profit Growth in 2023 from Higher Traffic Volume

Don Muang Tollway Public Company Limited (SET: DMT) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)

Million Baht

1,003.06 780.58
Earning Per Share

(Baht)

0.8500 0.6600
% Change 28.50

 

DMT reported a net profit of THB of 1,003.06 million, an increase of THB 222.48 million or 28.5% compared to the previous year due to the growth of traffic volume.

The total toll revenue for the year amounted to THB 2,324.97 million, an increase of THB 492.89 million or 27%.

The company generated income from investment totaling THB 25.86 million, an increase from the year 2022 by THB 16.47 million, due to effective financial cost management and returns from investment, while the company had utilized revolving credit line with 1-3 months terms, resulting in an increase in financial costs by THB 22.42 million, an increase of THB 20.38 million.

In addition, the company announced a dividend payment of THB 0.15 per share to be paid on 24 May 2024. The ex-dividend date is 3 May 2024.