The year 2020 was the year in which the world confronted many crises with impacts on Thai economy, such as the China-US trade war, the appreciation of Thai Baht currency affecting exports and reducing trade competitiveness, and the worst of all was the COVID-19 pandemic. Thai economy contracted 6.5% in the year 2020. Overall operating performance was affected at every level, prompting major platform change into the new normal to overcome problems and correspond with megatrends of the digital disruption world, wheretechnological changes occur rapidly.
Siamrajathanee Public Company Limited had outstanding operating performance in the year 2020. Total revenue was THB 2,067.6 million, an increase of 5.7% compared to the same period of last year of THB 1,955.9 million. Net profit was THB 139.6 million, an increase of 28% from the same period of last year of THB 109.1 million, which was a record high result over the last 40 years since incorporation. Debt to equity ratio decreased from 2.45 times to 0.75 time.
The outstanding operating performance was achieved through efficient management by professional team with years of experience and trade partners in government and private sectors who had strong financial positions and continuous growth. The Company places importance on technology and had invested in technological systems for the Company’s operations as well as for responding to customers needs, increasing convenience and reducing administrative costs. The Company targets to transform into 100% digital system in the year 2021.
With over 40 years of experience, the Company has accumulated knowledge and personnel in outsourcing services, offering service excellence that no machines could ever substitute, and westrive to meet customers’ demands to the optimum level.
From being a small company, we have sustained growth until becoming a listed company onthe Stock Exchange of Thailand. Being a public company with strong financial positions and capital for business expansion and venture into new and related businesses, the Company has a potential to grow alongside with the Thai economy in the future.