
Namyong Terminal Plc. has shown its sustainable growth capabilities by getting in the list of “Thailand Sustainability Investment (THSI)”. In addition, the company has received 5 star CG score or “Excellent” in late October as announced by the Stock Exchange of Thailand and Thai Institute Directors Association, respectively. The 9-month total revenue recorded at 1,071.83 million Baht, 2.32 % increase YoY. The revenue growth was mainly caused by the increase in 14,400 car throughput and the additional new warehouse customers. Nevertheless, the company has leased 2 new plots of land (106 rai) during late 2015 and early 2016 for its terminal capacity expansion and for warehouse business enhancement. Parts of the land have already completed construction and started depreciating, resulting in the increase in both rental and depreciation expenses. This, however, has caused the 8.98% YoY reduction in 9-month net profit to stand at 305.26 million Baht. The company, however, expected that the revenue from new land plot would be derived by mid 2017 and anticipated that vehicle export of 2016 would be 1.22-1.25 million cars, which is close to 2015 exporting numbers as a result of the slowdown in Middle East and Africa markets.