BTS Group reports lower revenue, net profit for 2016-17 fiscal year
BTS Group Holdings has announced fiscal year 2016/2017 (April-March) revenue of Bt9.61 billion and a net profit of Bt2.23 billion, down 4.5 per cent and 49.1 per cent respectively from the previous 12-month period.
According to the listed company’s report to the Stock Exchange of Thailand on Tuesday, the revenue fall was down to a decline in real-estate business, while other businesses such as Skytrain operations, media and services still recorded strong growth.
Meanwhile, BTS’s investment cost in the fiscal year increased due to the outlay on developing its mass-transit system.
However, the company’s board of directors has approved payment of an overall dividend of Bt0.34 per share for the 2016/2017 fiscal year, in the form of an interim dividend of Bt0.165 and the balance of Bt0.175 to be paid on August 18 to those on BTS’s share register by July 31.
The board on Tuesday also approved an increase of Bt2.38 billion in the company’s registered capital, or about 5 per cent of its paid-up capital, by issuing 596 million new shares at a par value of Bt4 apiece.
The new shares will be made available under private placement, the company reported.
