ROCTEC shareholders have approved a dividend payout of 0.013 THB per share following the company’s strategy shift towards the technology business, which resulted in a profit and thus enabled a dividend payout for the first time in four years. Mr. Weng Sam Lam, CEO, declared a full-scale advancement in ICT solutions, embracing the booming digital technology trend. The company aims for a 23% revenue increase for the fiscal year 2024/2025, up from last year’s revenue of 2.6 billion THB
Mr. Weng Sam Lam, Chief Executive Officer of ROCTEC Global Public Company Limited (ROCTEC), a leader in ICT Solutions providing comprehensive system services, revealed that the Annual General Meeting 2023/2024, held on July 26, 2024, approved the dividend payout for the performance period from April 1, 2023, to March 31, 2024, at a rate of 0.013 THB per share. This represents a dividend payout ratio of 50% of net profit after corporate income tax and legal reserve, totaling no more than 107.50 million THB in dividends. The Record Date for shareholders entitled to receive the dividend is set for August 8, 2024, with the dividend distribution scheduled for August 21, 2024.
Mr. Weng Sam Lam stated that ROCTEC successfully transformed its business strategy from out-of-home media to the digital industry, aligning with the global market’s continuous digital and technology growth trends. As a result, the company has become a leader in Transformative Innovation and Communication Solutions. ROCTEC focuses on its core business of providing a comprehensive One-Stop Service system across various industries. The company specializes in communication system solutions tailored for the rail transport industry, data network infrastructure, cybersecurity systems, digital display equipment and systems, and innovative product development. ROCTEC’s services encompass consultation, design, equipment procurement, implementation, installation, and maintenance.
“We are committed to developing a business aligned with the modern economy. This strategic shift from out-of-home media to a tech company leverages the rapid growth in digital business and technological advancements. Currently, ICT Solutions generate 85% of our total revenue, allowing us to turn a profit and pay dividends for the first time in four years since our last payout in 2019,” said Mr. Weng Sam Lam.
Mr. Weng Sam Lam further commented that for the fiscal year 2024/2025 (April 2024 – March 2025), the company targets a 23% revenue growth from the previous year’s revenue of THB 2.605 billion. ROCTEC’s clientele spans both domestic and international organizations divided into four groups: 1. Mass Transit Operators, including rail and air transport, with key clients like BTS, HK MTR, Hong Kong International Airport, Macau LRT, and Singapore SMRT; 2. Advertising Operators including VGI, PlanB, and Prowtech; 3. Government Agencies and State Enterprises; and 4. Private Organizations.
Over the past three years (fiscal years 2021/2022, 2022/2023, 2023/2024), ROCTEC reported ICT service revenues of THB 1.812 billion, THB 2.198 billion, and THB 2.166 billion, respectively. Advertising revenue reached THB 324 million, THB 398 million, and THB 439 million, respectively. Net profit increased from THB 34 million to THB 134 million (298%) for 2022/2023, and to THB 233 million (74.2%) for 2023/2024.
ROCTEC currently operates two business segments: 1. ICT Solutions, including Integrated Technology Solutions, Transportation Solutions, and Digital Display Solutions, 2. Advertising, primarily focusing on street furniture media in Thailand and out-of-home media assets in Vietnam. ROCTEC rebranded from Master Ad Public Company Limited (MACO) and moved its securities from the Services Industry (MEDIA sector) to the Technology Industry (TECH sector), ICT category, effective June 28, 2024.
