1. What is TTA's dividend policy ?
TTA has established a policy to distribute dividends of at least 25% of the consolidated net profit after tax but excluding unrealised foreign exchange gains or losses, subject to the Company’s investment plans and other relevant factors. The Board may review and revise the dividend policy from time to time to reflect the Company’s future business plans, the needs for investment, and other factors, as the Board deems appropriate. However, dividend distributions may not exceed the retained earnings reported in the separate financial statements of the Company.
2. What is TTA’s credit rating?
As of 23 August 2021, TRIS Rating affirmed the company rating on Thoresen Thai Agencies Plc. at “BBB” with “stable” outlook. The rating are supported by TTA’s solid financial metrics with low leverage and sizable cash reserves. The ratings also factor in TTA’s high business risk underpinned by the high level of uncertainty and volatility in its core dry-bulk shipping and offshore service businesses. The outlook revision reflects a strong improvement in TTA’s dry-bulk shipping business with a favorable outlook on demand and supply fundamentals over the next 12-18 months coupled with positive developments in TTA’s offshore service business performance.
3. What are TTA’s core businesses?
TTA is a holding company that invests in other companies through shareholding. TTA’s strategic business portfolio is categorized into 5 business segments as follows:
4. What is TTA’s revenue structure?
Approximately 87% of total revenues came from Shipping, Offshore Service, and Agrochemical Segments. In 2021, total revenues were recorded at Baht 22,128 million. Shipping, Offshore Service, Agrochemical, Food & Beverage and Investment contributed 53%, 16%, 18%, 9%, and 4% to the consolidated revenues, respectively.
5. Details of TTA’s dry bulk fleet
As of 31 December 2021, Shipping segment owned 24 vessels (22 Supramax and 2 Ultramax) with an average size of 55,913 DWT and an average age of 13.71 years.