Message from President and CEO
On behalf of TTCL’s Board of Directors, Management and Staffs, I would like to express my sincere condolences to the Royal Family and the people of Thailand on the death of His Majesty King Bhumipol Adulyadej in October 2016. His Majesty was the world’s longest serving monarch and presided over a period of transformative growth and development that saw Thailand emerge as a regional leader and one of South East Asia’s major economies. His Majesty guided the Kingdom of Thailand with dignity, dedication and vision throughout his life. He will be always missed and we will be with the people of Thailand at this difficult time.
For our operations in 2016, we’ve encountered with several challenges either in EPC or power plant businesses. The construction plan in Laos was rescheduled and Myanmar Power Plant experienced with temporary unplanned shutdown, all of which were key factors for the decline in TTCL’s top and bottom lines. Nevertheless, under these difficult circumstances, the Directors are proposing a final dividend of THB 0.22 per share. This, when added to the interim dividend paid, THB 0.20 per share, on 12 September 2016 gives a total dividend for the year of THB 0.42 per share. If approved by shareholders at the forthcoming Annual General Meeting, the dividend will be payable on 04 May 2017 to shareholders on the register on 24 April 2017, in which the ex-dividend date will be on 19 April 2017.
Heading into 2017, various risks and uncertainties related to global economy remain broadly the same as in 2016. However, our remaining backlog and proposal books remain high, above THB 15,000 million and THB 185,000 million respectively, together with the recovery of operations from our Power Plant in Myanmar. Besides, potentiality for power plant businesses in the region also looks promising. For these reasons, I felt confident entering the year strong, and I expected to exit it stronger.
Let me close by expressing my pride in every level of TTCL employees for bringing us to this point, and my gratitude to you, our shareholders, for your unwavering support. I hope that you are pleased with how your company is performing and evolving. And I trust that you share our excitement about the future of an enterprise whose storied past is propelling us into a “First Class International Engineering Company”.
(Mr. Hironobu Iriya)
President & CEO