On Monday at 11:01 AM (Bangkok time), the share price of Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) soared by 7.69% or THB 0.45 to THB 6.30, with a trading value of THB 414.41 million.
CCET reported a net profit in 2024 of $72.82 million or approximately THB 2.56 billion, representing an increase of 128.6% from $31.85 million or around THB 1.10 billion.
Sales revenue was at $4,193.30 million, equivalent to THB 147,110.75 million, decreasing by 2.90% compared to the previous year, mainly due to overall reduced global market demand.
Cost of sales was at $3,971.64 million, equivalent to THB 139,323.53 million or 94.71% of sales revenue, decreasing from 94.91% in the previous year. The gross margin for the year 2024 increased to 5.29%, derived by overall improved cost structure.
SG&A expenses were $118.03 million, equivalent to THB 4,140.18 million or 2.81% of the total sales revenue, which decreased by 5.49% from 2.98% in the previous year, mainly related to an overall improved internal restructure in order to reduce the consolidated expenses to support the company and its overseas subsidiaries’ operation as well as marketing and managing expenses to support existing customers.
Financial cost was at $18.60 million, equivalent to THB 652.30 million, which decreased by 62.68% from $49.84 million, equivalent to THB 1,732.47 million, seen in the previous year, mainly related to the reduced bank loans to support the company’s and its subsidiaries’ operation and factory expansion in Thailand.
Additionally, the Board of Directors came to the resolution to approve the dividend payout for the operating period from July 1 to December 31, 2024, in an amount of THB 0.13 per share, with the payment date on May 20, 2025. The ex-dividend date (XD) is scheduled for March 19, 2025.
