Bangkok Sheet Metal approves dividend after 2016 profit reported

WEDNESDAY, MARCH 01, 2017
Bangkok Sheet Metal approves dividend after 2016 profit reported

Bangkok Sheet Metal’s board has approved a dividend of Bt0.08 per share in addition to an interim dividend of Bt0.10 per share after the company posted revenue of Bt85 million and net profit of Bt59.42 million for 2016.

Chief executive officer Tanin Sajjaboribun said in a press release on Wednesday that the board had also approved the sale of not more than 40 million new shares in a private placement to raise funds for business expansion this year.
The company’s 2017 revenue target is Bt1 billion.