Thunhoon – Shares of Applied DB Public Company Limited or ADB, the price rose to hit the ceiling. After announcing 2020 results, profits grow by 2,036% from 2019, while the green light board pays a dividend of 0.05 baht per share.
ADB share price closed today at 1.53 baht, plus 0.35 baht or 29.66% with a dense trading value of 168.14 million baht.
In addition, the new grout factory which is the 4th factory, starting to sell to various industries such as silicone for electronic products grout for industry Container grout, etc., and the company has an efficient cost control.
ADB said in its financial statements statement that its 2020 net profit increased by more than 20 times, driven by growth in profit margins across all business segments. Especially in the plastic compound group due to the demand for products to produce wires and cables of large sizes in large public utilities sectors. while the company strictly controls the cost. as well as the development of increasing efficiency in product production As a result, the Company has higher gross margins in all business segments.
coupled with lower administrative expenses Because the cost is strictly controlled especially expenses that do not generate direct income to the business So that the company can adjust to be profitable during the Covid-19 epidemic crisis. which effectively affects the economy both domestically and internationally
In addition, the Board of Directors has approved the dividend payment in cash at the rate of 0.05 baht per share, totaling not more than 33 million baht, by specifying the date of not receiving (XD) on April 28, 2021 and the date of determining the list of persons eligible to receive the dividend is April 29, 2021 by Dividends will be paid on May 17, 2021.