Page 27 - PWA_2023_Annual_Report

26 การประปาส่วนภูมิภาค รายงานประจำาปี 2566
1.5 Juristic Person that the State Enterprise directly held 25%
or more shares
Name/Type of Business/Location/Telephone and Fax/and Proportion of 25% or more Shares
of Juristic Person Held by the State Enterprise.
Name
Type of Business/
Characteristics of
Business Transaction
Head Office Location
Telephone
Fax
Proportion of Shares
Performance (2023)
https://eastw.listedcompany.com/misc/MDNA/20240301-eastw-mdna-fy2023-th.pdf
Information from Management Discussion and Analysis on Performance in 2023
Eastern Water Resources Development and Management Public
Company Limited
Develop and manage main water pipe systems in the eastern seaboard
of Thailand, distribute raw water, as well as produce and distribute
water supply.
th
rd
East Water Building, 23 -26 floor, No. 1, Soi Vibhavadi Rangsit 5,
Vibhavadi Rangsit Road, Chompol, Chatujak, Bangkok 10900
0 2272 1600
0 2272 1601-3
40.20%
In 2023 overall performance, the company earned total revenue
from the sales and services of 4,286.84 million baht, increasing by
23.94 million baht or 0.56% when compared with 2022. The total cost of
sales and services was 2,978.09 million baht, increasing by 308.00 million
baht or 11.54% when compared to 2022. Whereas the Company’s net
profit was 322.11 million baht, which was the shareholders’ net profit
in the amount of 311.12, decreasing by 390.70 million baht or -54.81%.
Overall performance in 2023, the company and its subsidiaries’ net
profit and profit margin decreased when compared to 2022. It is mainly
due to the slightly increased revenue from sales and services at the same
time as the previous year from revenue of water supply and industrial
water. At the same time, the cost of sales in business increased, mainly
due to the electricity used for pumping and management expenses,
as well as the increase in financial cost. As a result, the Company had a
lower gross profit margin of 30.86% and the net profit margin of 7.60%,
compared to 38.10% and 17.05%, respectively, in 2022.
The return on equity (ROE) and return on assets (ROA) in 2023
were equal to 2.76% and 1.20%, while the return on equity (ROE) and
return on assets (ROA) in 2022 equal 6.17% and 2.95%, respectively, due
to the decrease in net profit with the slightly increased shareholders’
equity and dramatically increased asset in line with the Company’s
investment projects.
As for the liquidity at the end of 2023, the current ratio was 1.07 times,
increasing from 0.38 times at the end of 2022, from temporary investment
in bonds. The Debt-to-Equity ratio was equal to 1.52, compared to
1.19 times at the end of 2022, due to the liabilities from the increase
in debenture issuance in total of 4,450.00 million baht. The Company’s
affordability was with the debt service coverage ratio (DSCR) of
0.84 times, decreasing from 2022 at 1.38 times due to the decrease in
long-term loans due within one year and the increase in interest burden
from loans with the decrease in EBITDA.