Gunkul targets 50% growth

Corporate April 11, 2014 00:00

By The Nation

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Gunkul Engineering executives are confident of 50-per-cent revenue growth this year on exports of electrical-systems equipment to Myanmar and the company's power-generation projects.

Meanwhile, Gunkul’s shareholders have approved cash and stock dividends to be paid out early next month, managing director Somboon Aueatchasai said.

He added that the company hoped to grow its revenue by half this year, partly from recognition of full-year revenue from its solar-power projects.

Gunkul’s projects in-hand will generate revenue of more than Bt2 billion this year, such as construction of Bangchak Petroleum’s power plant.

Gunkul says it will continue to push every business division to achieve both revenue and profit growth, as the company strives to become a fully integrated leader in the alternative-power-generation business. It hopes to be a power supplier and power-plant construction contractor to ensure business-growth stability and long-term returns for shareholders, Somboon said.

At Gunkul’s 2014 annual shareholders meeting, a cash dividend was approved for calendar year 2013 of Bt0.038 per share and a stock dividend at the ratio of three existing shares to one stock dividend, an equivalent of Bt0.333 per share, for a combined annual payment of Bt0.371.

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