INGRS to pay full year dividend

He added that the growth could be attributed to higher sales in subsidiaries in 3 countries. Indian subsidiaries recorded higher revenue of Bt187 million, while Thailand and Indonesian subsidiaries showed higher revenues of Bt57 million and Bt49 million, respectively. 
Of the total revenue, 49 per cent came from Malaysian subsidiaries, 38 per cent from Thailand, 7 per cent from Indonesia and 6 per cent from India. The Company showed a net profit of Bt76.3 million, a drop of 48.13 per cent from its net profit of Bt147.1 million in 2017.This is due to the much lower net profit of Malaysian subsidiaries, affected mainly by Proton customers, and a Bt27.5 million increase in tax expenses.
However, the Company’s Board of Director has approved payment of full year dividend of Bt0.052 per share, totaling Bt75.24 million, to all shareholders. This shows a dividend payment ratio of 142.6 per cent of net profit after tax and minority interest. It also presents a high 7.6 per cent dividend yield. Having paid half of the dividend during the year, the company will pay the remaining dividend of Bt0.026 per share on June 6 2019, using the record date of April 18, 2019.
In terms of business fundamentals, INGRS has continued to expand business in major countries in Asia, namely India, Thailand, Indonesia and Malaysia. India is one of the fastest-growing automotive markets with more 5 million cars produced, a 9 per cent increase over the previous year. INGRS plans to launch more new products alongside the current moulding parts as well as seek new OEM customers to generate higher revenues from India.