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sahamit machinery pcl (SMIT) Snapshot

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04/26/13 - 7.30
52 Week Low
01/6/14 - 4.00
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sahamit machinery pcl (SMIT) Details

Sahamit Machinery Public Company Limited imports and distributes materials, machinery, and appliances for industries primarily in Thailand. The company distributes special steels used for making various moulds, such as hot work tool steel for aluminum extrusion and die-casting; cold work tool steel for blanking and punching tools, shear blades, and automobile industry and electronic appliances; high speed steel for end mill cutters, twist drills, and wood-working tools; and plastic mould steel for PVC pipes, melamine kitchenware, and screw parts used in plastic injection machines. It also distributes CNC machines, including EDM and wire-cutting machines, matching centers, tool cutter grinder machines, centerless profile and cylindered grinding machines, double column machining centers, measuring machines, microscopes, and water jet machines, as well as lathe products. In addition, the company distributes carbide cutting tools, digital readouts, measuring equipment, milling machines, surface grinding machines, and automatic band sawing machines; pulp, waste paper, and paper; machineries, accessories, forming fabric felts, canvass, refiner plate, etc.; and chemicals for pulp and paper industry, as well as manufactures machinery and equipment for wood and furniture industry, and industrial knife production industries. Further, it offers electrical engineering products, such as electrical meters, low voltage switchgears, and communication system for controlling substation; Internet and network security products; and wind generators. Additionally, the company provides heat treatment services; and after-sales-services, including training, systems design and integration, installation, and commissioning. Sahamit Machinery Public Company Limited was founded in 1973 and is based in Bangkok, Thailand.

Founded in 1973

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sahamit machinery pcl (SMIT) Key Developments

Sahamit Machinery Public Company Limited, Board Meeting, Mar 14, 2014

Sahamit Machinery Public Company Limited, Board Meeting, Mar 14, 2014. Agenda: To approve the operating result, Report of the Board of Director's Responsibilities for Financial Statements and the Annual Report for the year 2013; to approve the dividend payout at THB 0.26 per share; to re-appoint the expiring directors, Mr. Chaisilp Tamesirichai, Mr.Pichai Nithivasin, Mr.Thana Senavattanagul and Mr. Kriangkrai Boonkittichareon for directorship for another term; to fix remuneration of directors; to consider and appoint Ms. Sulalit Ardsavang, Ms. Wannisa Ngambuathong and Mr. Tanawut Phiboonsawat as auditors; to consider and approve AGM date; and to fix record date for AGM.

Sahamit Machinery Public Company Limited Proposes Dividend, Payable on May 27, 2014

Sahamit Machinery Public Company Limited announced that the Board has resolved to propose to the Annual General Meeting of the Shareholders to approve the dividend payout at THB 0.26 per share from the paid-up capital of 530,000,000 shares. On September 6, 2013, SMIT has already paid the interim dividend of THB 0.10 per share for the first 6 months performance equals to THB 53,000,000. The remaining amount of THB 0.16 per share derived from profit under NON-BOI privilege of THB 0.13 per share and profit under BOI privilege of THB 0.03 per share. This dividend payment was derived from the profit which was subject to corporate income tax of 20%. The dividend payment is scheduled to be made on May 27, 2014. The Record Date as 8 May 2014 and fixed the share registration book closing date as 9 May 2014 for gathering shareholder's names under the Section 225 of the Securities and Exchange Act B.E. 2535. Nevertheless, the above dividend payment still uncertain. It has to depend on the resolution of the shareholders AGM.

Sahamit Machinery Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Sahamit Machinery Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net profit was THB 65,747,000 or THB 0.124 per share against THB 95,433,000 or THB 0.18 per share a year ago. For the nine months, the company reported net profit was THB 211,752,000 or THB 0.40 per share against THB 245,787,000 or THB 0.467 per share a year ago.


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