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AMA (“the Company”) was founded in 1996 to provide transport service of palm oil and vegetable oils in Southeast Asia, East Asia, and South Asia. The Company plans to expand the service to transport other types of liquid products e.g. fuel oil, molasses, and easy chemical. In addition, the Company established AMA Logistics Company Limited ("AMAL") in 2014 to provides the service on an inland liquid carrier by tank trucks, mainly loading diesel B100 and gasoline.
In 2021, AMA has a docking plan for 3 vessels; as follow,
QuarterNumber of docking (vessels)
1Q/20213
2Q/2021-
3Q/2021-
4Q/2021-
The proportion of AMAL backhaul routes accounted for about 15% of total transportation.
The IFRS 16 Standard Account which be been applied in 2020 does not affect the company regarding the truck hire purchase (financing lease), but may affect the company in terms of office building rental (operating lease). The new accounting standard records office rent that is worth more than Baht 150,000 per year and has a rental period over 1 year as assets instead of operation expenses.
The Company still has an acquisition plan with logistics businesses to increase operational efficiency and adding more channels to access the new products. Presently, the Company is doing due diligence by allowing the financial advisors to estimate the business value.
AMA’s policy is to pay its dividend to shareholders at a rate not lower than 25% of its net profit based on the Company's financial statements after deducted corporate income tax and statutory reserves (if so). Anyways, Dividend payment may subject to change depending on financial results, financial status, liquidity, working capital in operation, investment plan, and business expansion plan in the future, market situation, suitability, and other factors related to the operation and management of the Company.