Grand Prix Plc. GPI International (GPI) showed a net profit of 115.16 million baht in the first half of the year, an increase of 203% from the same period last year. from the recognition of income from Bangkok International Motor Show 2021, printing business with good cost control The green light board pays an interim dividend of 0.03 baht per share. Prepare XD on 25 Aug. ’64 and pay dividends to shareholders on 10 Sept. ’64. Expected to maintain performance for the year at least. last year
On August 13, 2021, Dr. Prachin Eamlumnow, Chief Executive Officer of Grand Prix International Public Company Limited or GPI, the leader in creating activities to provide news, information and information to create experiences. And impressive entertainment that meets all lifestyles of automotive users revealed that the company was able to maintain its operating results in the second quarter of 2021, growing steadily from the same period last year. Revenue from sales and services was 123.99 million baht, an increase of 748% from the same period last year. and had a net profit of 16.87 million baht, an increase of 132% from the same period last year.
The factor that the company can maintain continuous growth comes from the recognition of revenue from the Bangkok event. International Motor Show 2021, the remaining 4 days, increased revenue from the printing business and a focus on effective control of selling and administrative expenses. It has a positive effect on revenues and profits that are on target.
while the overall performance of the first half of the year Revenue from sales and services was 448.08 million baht, an increase of 976% from the same period last year. and had a net profit of 115.16 million baht, an increase of 203%. The growth came from the recognition of revenue from the Bangkok Inter Motor Show 2021, a printing business. and effective cost control
Recently, the Board of Directors’ meeting (Board) has approved the interim dividend payment from the first half year’s performance at the rate of 0.03 baht per share, posting an XD sign on August 25 and paying dividends to shareholders in September 10, 2021
As for the operating outlook in 2021, it is expected that the company will be able to maintain its operating performance not lower than the previous year with sales and service income of more than 509.4 million baht, despite the volatile economic situation in the second half of the year. And lockdown measures have been enforced to control the spread of COVID-19, affecting activities and purchasing power of consumers.
At present, the company has a printing contract that is in progress to gradually recognize revenue during the 3rd quarter of 2021, totaling approximately 3 million baht and has adjusted its business strategy. Focus on offering more marketing activities through online platforms in accordance with the situation. Recently, I received a job from the Mini car maker to create a video presentation to promote the car introduction to target customers via an online platform. And is in the process of offering work with leading automotive operators from other 2 European brands, expecting a conclusion soon.
Meanwhile, Automatrix Solutions Co., Ltd. is a joint venture company between GPI and YDM (Thailand) Co., Ltd. to operate digital media and Big Data businesses. Developed the latest Car Buddy by GPI application, has developed a new function to search for a car cleaning service center (Car Care) for interested customers. There is also a plan to use the database of visitors to the applications and websites of companies that want to buy different models of cars during this period to be a middleman in matching with various automotive brands. This will be another business model that will generate income for the company in the future.
In addition, after the company acquired a 25.45% stake in True Energy Company Limited to invest in the waste fuel (RDF) power plant business in Nakhon Sawan province. The installed capacity of 9 megawatts (MW) is currently in the process of applying for a business license from the government. If it can produce electricity for commercial distribution will be able to recognize profit sharing from such business
