DELTA Reports NP of ฿7.1Bn in 2020 amid Rising Trade Receivables and Inventories by 40%!
DELTA Reports a Profit of ฿7.1Bn in 2020, Which Is Irrelevant to a Rising of Trade Receivable and Inventories by 40%!
Delta Electronics (Thailand) Public Company Limited (DELTA) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;
In 2020, DELTA reported a net profit of 7,101 million baht, increased 139% from a net profit of 2,959 million baht in 2019.
The revenue in 2020 was 63,208 million baht, increased 21.4% from a revenue of 52,047 million baht in 2019. The increase was due to the boost up in sales of Power Electronic business group, especially the sales in Cloud Computing, Data Center and Electric Vehicle Solutions.
Meanwhile, cash and cash equivalents in 2020 reported at 13,882 million baht, increased 11% from 12,504 million baht in 2019. Still, the cash and cash equivalents in 2020 were lower than 2018 when reported at 15,672 million baht.
Trade and other receivables jumped 42.2% 13,997 million baht, while inventories rose 40.6% to 12,655 million baht.
In addition, DELTA’s Board of Directors approved a dividend payment of ฿3.30/share on April 8, 2021. The ex-dividend date is March 4, 2021.