Namyong Terminal Public Company (NYT) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2024 was THB 1,250 million, down from THB 1,295 million year-over-year.

• Net profit attributable to equity holders for the nine months was THB 358 million, up from THB 340 million year-over-year.

• Basic EPS for the nine months was THB 0.29, compared to THB 0.27 in the prior year.

• The company paid a dividend of THB 0.36 per share in May 2024, totaling THB 446 million.

Financial highlights

• Revenue from port and related services for the nine months was THB 902 million, down from THB 1,010 million year-over-year.

• Rental income increased significantly to THB 58 million from THB 12 million year-over-year.

• Cost of services decreased to THB 670 million from THB 714 million year-over-year.

• Profit before tax for the nine months was THB 406 million, up from THB 390 million year-over-year.

• Cash and cash equivalents at period end were THB 138 million, down from THB 335 million at year-end 2023.

Outlook and guidance

• Management expects the concession agreement for the A5 Terminal to remain in effect until April 2026, with no early termination anticipated.

• New financial reporting standards effective in 2025 are not expected to have a significant impact.