CPANEL shareholders have approved an annual dividend for 2022 at a rate of 0.17 Baht per share, with the XD mark set for May 2, record date on May 3, and payment scheduled for May 23. The business direction for 2023 focuses on expanding the customer base and enhancing production systems, reaffirming the revenue growth target of 10-15% while accelerating operations at Factory 2 to increase production capacity.

Mr. Chakrit Tipakornsukasem, Managing Director of CPANEL Public Company Limited, a manufacturer and distributor of precast concrete products using fully automated systems for real estate construction projects, revealed that the annual general meeting of shareholders for 2023 has approved a dividend payment of 0.17 Baht per share, totaling no more than 27.20 million Baht, which represents a dividend payout ratio of 42.16% of the net profit after legal reserves for 2022.

The ex-dividend date (XD) is set for May 2, 2023, with the record date for shareholders entitled to the dividend on May 3, 2023, and the payment date for shareholders on May 23, 2023.

This year, the company plans to expand its customer base in the real estate sector in major cities, including both horizontal and vertical developments, such as in the northern and northeastern regions, as well as targeting hotel clients and factories in industrial estates.

Additionally, the company aims to enhance production efficiency in terms of design, speed, volume, and quality of precast concrete, while also reducing errors and production losses. This will increase the opportunity to secure more projects, meet customer demand more effectively, and result in economies of scale, significantly lowering production costs and enhancing profitability. This reinforces the revenue growth target of 10-15% for this year.

Furthermore, the company is in the process of rapidly constructing its second factory, which is currently about 10% complete, in line with the planned schedule. It is expected to commence commercial operations between March and April 2024, which will double the production capacity to 1.99 million square meters.