TTA reports 2016 full-year performance

WEDNESDAY, March 01, 2017

Thoresen Thai Agencies (TTA) ended 2016 with a net loss of Bt418.3 million, normalised net income of Bt32.6 million and strong EBITDA (earnings before interest, taxes, depreciation and amortisation) of Bt2.05 billion, up 11 per cent year on year despite a number of challenging environments in the oil and gas, shipping and coal industries.

PM Thoresen Asia Holdings (PMTA) continued to contribute to TTA strongly.
TTA maintained strong net cash flow of Bt1.89 billion from operations with cash and short-term investments on its consolidated balance sheet totalling Bt10.7 billion by the end of 2016, or about Bt5.86 per share.