J.R.W. Utility Public Company Limited (JR) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;
For the year 2020, JR earned a 88.17 million baht net profit, increasing 45.15% YoY, mainly due to an increase in revenue from sales and service to 1,281.11 million baht.
JR earned from equipment sales 173.44 million baht, a decrease 43.22% in turnover if equipment sales depends on the customers’ budget and demand in a certain time, while generated revenue from service business 1,107.67 million baht, representing 86.46% of sales and service revenue. Revenue from system installation service is increased compared to the same period of the previous year at 540.92 million baht contributed by revenue recognition from the transformation of sir cables to underground cables in the Pink and Yellow Line project.
In addition, the Board of Director of JR approved the resolution to pay a dividend of ฿0.06/share on May 14, 2021. The ex-dividend date is March 4, 2021.