Namyong Terminal Public Company (NYT) Q2 2024 earnings summary

Executive summary

• Interim financials for the three- and six-month periods ended 30 June 2024 were reviewed with no material misstatements found.

• The Group operates port, warehouse, and transport vessel services, with a concession at Laem Chabang Port extended to April 2026.

Financial highlights

• Six-month consolidated revenue was THB 842.9 million, down from THB 859.8 million year-over-year.

• Net profit for the six months was THB 234.5 million, up from THB 187.4 million year-over-year.

• Basic EPS for six months was THB 0.21, up from THB 0.18 year-over-year.

• Cash and cash equivalents at 30 June 2024 were THB 289.3 million, down from THB 334.7 million at year-end 2023.

• Interim dividend of THB 0.36 per share (THB 446.6 million) paid in May 2024.

Outlook and guidance

• The concession agreement for the main port operation runs until April 2026, with management expecting no early termination.

• No significant impact from revised financial reporting standards effective 2024.