Year 2020’s Financial Statement has shown positive prospect after clearing out 900 THB million debt
Mr. Theerachai Leenabanchong, the Chief Executive Officer, discloses that the company’s financial statement has shown positive prospect after discarding the company from non-performing business unit. For the year 2020, the company has reported net loss of 310 THB million which approximately over 90% is accounted for asset impairment and lost from investment in power plants. Eventually, the investment of the said business has been terminated ad the power points has been sold from the company since 2020. To concluded, the company was able to create profit from operation (EBIT) for year 2020 of approximately 12.45 THB million in comparison to the previous year which net loss from operation of 303 THB million is reported. Year 2020’s has also shown a decrease in interest which is a result from paying back debentures.
The company will realize revenue from the investment of shared telecom towers investment in the Philippines. Philippines with its 109 million population is among one of the top ten countries of highest telecom investment. The business model of shared telecom towers allows certified independent tower company to own, construct and operate telecommunication infrastructure tower. Each tower constructed will be secured by PO with a long term leasing duration of at least 15 years plus another 10 years. The model allows for multiple tenants which will generate recurring income for the company..