JWDs Board Declares Interim Dividend at THB 0.15/Share, XD Date: Tue, 23 Jan

Stocks and Financial Services Press Releases Friday January 12, 2018 10:49
Bangkok--12 Jan--MT Multimedia

To confirm its position as a stock that offers great returns to the investors, the leading 'Total Logistics Solutions Provider' JWD announced its board's decision to declare an interim dividend for payment to the shareholders at THB 0.15 per share, with an XD date falling on Tue, 23 Jan and a payment date on Fri, 9 Feb, after meeting the growth targets for its core segments, with a continued rise in retained earnings and sufficient liquidity for operations.

Mr. Charvanin Bunditkitsada, Chairman of the Executive Committee and Chief Executive Officer (CEO) of JWD InfoLogistics Public Company Limited (JWD), a leading 'Total Logistics Solutions Provider', revealed that JWD's board has resolved on 11 Jan to declare payment of an interim dividend out of the company's nine-month results of 2017 (Jan-Sep'17) and retained earnings at THB 0.15 per share, or THB 153m in total, with XD date being Tue, 23 Jan and payment date Fri, 9 Feb.

The decision followed JWD's success in posting nine-month growths that met the targets in its consolidated financial statements, with a rental and service revenue figure of THB 1.7926b, up 7.9% y-o-y from THB 1.6614b, and a net profit figure of THB 146.4m, up 384.5% y-o-y from a net loss of THB 51.4m (after extraordinary items). Separate net profit for the first nine months of 2017 and retained earnings after legal reserves totaled THB 166.1m, resulting in sufficient retained earnings and liquidity for payment of an interim dividend.

"This interim dividend declaration confirms JWD's position as a stock that offers great returns to the shareholders. It has never missed dividend payment in any year since its listing in late 2015. Its satisfactory nine-month results for 2017 were achieved through greater investments in the Asean region and an improved logistic industry outlook, especially in the areas of domestic and cross-border cargo transport and distribution, general cargo warehousing, automotive storage and management and cold storage. We also experienced continued growths in terms of revenue and profit in the last quarter due to an acquisition of freight business and the selling of assets to a REIT. We are committed to managing the business to produce revenue and profit growths at the expected levels and retain leadership among total logistics solutions providers in Asean", added he.

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