Cambodia Investment Review

DBD Engineering posts $383K in Q1’22 net profit

DBD Engineering posts $383K in Q1’22 net profit

Harrison White

Engineering and construction firm DBD Engineering (CSX:DBDE) has posted an after-tax profit of $383,294 for the first quarter of 2022 a 122% increase from $176,007 over the same period last year as the stock price hits KHR 2,610.

The company posted an annual after-tax profit of $388,200 for 2021 as difficulty in supply chains, as well as shrinking opportunities, impact the construction sector. To read more about the company’s 2021 annual results click here.

DBDE was the first company to list on the Cambodia Securities Exchange growth board and is currently trading at KHR 2,610 up from KHR 2,380 a share during its IPO. It was the first company to list on Growth Board designed for SMEs to raise capital since its launch in 2015.

DBD Engineering 2021 dividend payout 

The company has also announced a dividend payout ratio of 45% equivalent to $208,000 with a dividend per share at KHR 131 or 5.5% of IPO.

All buyers of the IPO have been guaranteed a 5.5% minimum guaranteed dividend for the first three years. Brokerage firm SBI Royal sold all 6,461,538 shares at KHR 2,380 raising $3.88 million.

There were over 3.4 million shares sold to strategic investors. If removing the strategic investors there was a total of 949 individual buyers which equates to 3,226 shares valued at KHR 9.12 billion ($2,282) on average per investor. According to the company listing on the exchange cost approximately $188,000 in underwriter fees to SBI Royal.

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