Muangthai Capital Public Company Limited (SET: MTC) has announced 2024 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Years | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
5,867.31 | 4,906.47 |
| Earning Per Share
(Baht) |
2.7700 | 2.3100 |
| % Change | 19.58 | |
MTC reported a net profit in 3Q24 of Baht 5,867.31 million, an increase of Baht 960.84 million or 19.58% compared to the previous year. The increase in net profit is a result of 14% gain in revenue and lower expected credit loss compared to last year.
Total revenue in 2024 was Baht 27,902 million, increasing by Baht 3,376 million, or 13.76 percent, from the same period of the previous year. Meanwhile, Services and administrative expenses were Baht 10,790 million, increased by Baht 1,088 million, or 11.21 percent, from the same period of the previous year.
Expected credit loss was Baht 3,501 million, decreasing by Baht 433 million, or 11.01 percent, from the same period of the previous year.
MTC’s Board of Directors also approved the dividend payment from the operation for FY2024 at THB 0.25 per share to shareholders of 2,120 million shares. Total dividend payment will be THB 530 million or dividend payout of 9.60 percent of the total net profits of the separate financial statements for FY2024.
The dividend payment date will be on May 15, 2025 and the ex-dividend date is on April 28, 2025. Such dividend payment shall be further proposed to shareholders’ meeting for approval.
