SE shows 2023 budget with income of 646.48 million baht, profit of 61.43 million baht.
SE revealed its operational performance for the fiscal year 2023, reporting a total revenue of 646.48 million baht, an increase from the previous year’s 605.61 million baht, marking a 6.75% growth. The company also achieved a net profit of 61.43 million baht, down from 66.75 million baht in the previous year, representing a decrease of 7.97%.
The growth in SE’s performance was driven by increased delivery of products and services, primarily from the production process management and pipeline systems product group, as well as clean energy and public utilities products. These new product groups contributed significantly to the year’s growth, along with increased project acquisitions from customer companies.
Although net profit slightly decreased, this was largely due to lower profit recognition from UBA Limited, where SE’s share of profit decreased from 26.66 million baht to 20.51 million baht, reflecting a change in ownership from 39.99% to 28.67% during the fiscal year 2023. However, this did not significantly impact the company’s overall operations.
Furthermore, the board of directors proposed a dividend payment of 0.026493 baht per share, totaling 18,000,677.67 baht, equivalent to 29.30% of the net profit after legal reserves. The record date for dividend entitlement is March 13, 2024, and the dividend payment date is scheduled for May 23, 2024, pending approval at the annual shareholders’ meeting on April 28, 2024.
Looking ahead, SE anticipates favorable business prospects for the current year, aiming to sustain continuous delivery of products and services to existing customers. The company is also awaiting results from several public-private partnership auctions, focusing on expanding service delivery. Additionally, SE plans to collaborate with business partners to further grow its clean energy business in alignment with its rapidly expanding environmental goals. Moreover, the company has allocated approximately 100 million baht for future investments in 2024 to support its growth initiatives.
