DHOUSE Board Approves Dividend of 0.03 Baht per Share, Plans to Issue 500 Million Baht Bonds

Continuing Business Expansion as Planned, Targeting Over 200 Million Baht in Revenue for 2021

 

 The Board of DHOUSE has approved a dividend of 0.03 baht per share, with a payment date set for May 5, 2021. The company is preparing to issue bonds worth 500 million baht to continue its expansion plans, including launching 2 new projects and establishing a subsidiary to operate a gas station business, aiming for over 200 million baht in revenue for 2021 while maintaining a gross profit margin of no less than 50% and a net profit margin of no less than 20%. The financial report for 2020 shows revenue of 92.70 million baht and a profit of 14.94 million baht.

Mr. Pongpachon Lertroongporn, CEO of DHOUSE Development Public Company Limited, a leader in real estate development in Maha Sarakham province, revealed that the board meeting has approved a dividend payment of 0.03 baht per share, amounting to a total cash dividend of no more than 25.20 million baht for the fiscal year 2020. The record date for shareholders entitled to receive dividends is March 24, 2021, with payment scheduled for May 5, 2021 (pending approval from the shareholders' meeting on April 26, 2021).

Additionally, the board has approved the issuance and sale of bonds not exceeding 500 million baht to fund real estate development projects, working capital for the company, or for other purposes deemed appropriate by the board.

For the operational plan in 2021, the company is preparing to invest in 2 new projects: U Park, set to launch in Q1 2021, and Grand Biz 2, scheduled for launch in Q2 2021.

Recently, the establishment of a subsidiary, D Group Holdings Co., Ltd., was announced to engage in property development for rental, retail business, or investment in other businesses by acquiring D Energy and Retail Co., Ltd. Currently, the company is in the process of applying to be a distributor of petroleum products at gas stations and convenience stores within gas stations to create regular income and diversify revenue sources, aiming for 200 million baht in revenue for 2021 while maintaining a gross profit margin of no less than 50% and a net profit margin of no less than 20%.

In 2020, the company reported sales revenue of 92.70 million baht, a decrease from 142.52 million baht in the previous year, representing a decline of 35.19%. The net profit was 14.94 million baht, down from 40.72 million baht in the previous year, a decrease of 63.31%.

The company's performance has slowed down due to indirect impacts from the COVID-19 pandemic, which led to a temporary labor shortage in construction, causing delays in project completion as per the construction plan. However, the situation has returned to normal. Additionally, the company incurred increased selling and administrative expenses due to marketing costs associated with preparing for the initial public offering (IPO), which are one-time expenses.