According to the laws, the Company must allocate at least 5 percent (%) of its annual net profit as legal reserve, less accumulated losses brought forward (if any) until the legal reserve reaches an amount of not less than 10 percent (%) of its registered capital. In this regard, the Company’s legal reserve had reached the amount required by laws.
According to the dividend payment policy, the Company will normally pay dividends up to 50% of profits after corporate income taxes, unless the Board determines that the near future cash needs of the Company justify reserving part of the profit to cover those needs.
From the Company’s Results for the Year 2019, the Company recorded the net loss of 117.16 Million Baht which has increased from the year 2018, the net profit of which was 72.20 Million Baht. As such the Board of Directors is of the opinion that the omission of dividend payment for the Year 2019.
There is no fixed dividend payment policy for subsidiaries. However, subsidiaries will generally follow the policy of the Company.
Dividend Payment Record for the Year 2015-2019
Remark* Not applicable since it is paid from the retained earnings of the Company