Friday, February 21, 2020

PMTA upbeat after Baconco success

Mar 21. 2016
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By The Nation

PM Thoresen Asia Holdings (PMTA) has a positive outlook for long-term growth opportunities after a new production line at its subsidiary Baconco in Vietnam has contributed to a fourfold increase in just one year in exports of specialised fertilisers to th

The product is NPK (nitrogen-phosphorus-potassium) fertiliser made through the steam granulation process.

 Moreover, the company plans to expand its distribution channels both domestically and overseas as well as continuing to develop new high-quality fertiliser formulas, in addition to the approximately 100 formulas already produced to serve customers’ individual needs.

Coupled with strong sales promotions, PMTA will maintain its leading market share, he added.

Meanwhile, the company’s board of directors resolved to propose to PMTA shareholders at the annual general meeting on April 25 an annual dividend payment of Bt1.12 per share.

The company reported sales revenue of Bt3.25 billion last year, an increase of 6 per cent year on year, and net profit of Bt233 million.

Stromme said several key developments were accomplished during the year driven by the increased exports to the Philippines and impressive income from the factory-area leasing business, which jumped from Bt32.1 million to Bt49.1 million, or 53 per cent.

 

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