Lee Pattana Group has over 40 years of experience in this industry and is highly recognized. Our R&D for feed formulas and customized products has differentiated our stance. The Group also has the production capacity to keep up with the growing market demand.
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 2,865.29 | 2,984.09 | 3,385.29 | 3,788.10 |
| Expenses | 2,719.51 | 2,895.01 | 3,355.02 | 3,631.22 |
| Net Profit (Loss) | 145.71 | 86.98 | 29.65 | 136.08 |
| Assets | 3,103.70 | 3,092.43 | 3,051.44 | 3,237.52 |
| Liabilities | 322.13 | 342.07 | 339.22 | 446.98 |
| Shareholders' Equity | 2,752.98 | 2,721.97 | 2,683.33 | 2,760.57 |
| Operating | 166.71 | 84.43 | 101.65 | 90.02 |
| Investing | -19.50 | -48.00 | 55.15 | 121.94 |
| Financing | -130.09 | -63.36 | -135.65 | -180.96 |
| EPS (Baht) | 0.16 | 0.09 | 0.03 | 0.15 |
| GP Margin (%) | 10.71 | 8.35 | 5.81 | 7.57 |
| NP Margin (%) | 5.09 | 2.90 | 0.84 | 3.57 |
| D/E Ratio (x) | 0.12 | 0.12 | 0.13 | 0.16 |
| ROE (%) | 5.32 | 3.22 | 1.09 | 4.98 |
| ROA (%) | 4.71 | 2.90 | 0.96 | 4.92 |
- Conduct research and development to devise new quality products.
- Enhance manufacturing process with deployment of innovation.
- Create, consolidate, and expand customer bases.
- Respond to customers’ requirements and reach their maximum satisfaction.
Animal feed production is a critical midstream industry that bridges agricultural crop cultivation and livestock farming, providing essential protein food sources. It plays a pivotal role in meeting the growing global demand for food. However, the feed production process contributes to greenhouse gas emissions, a major driver of climate change. Therefore, reducing these emissions from feed manufacturing is crucial for ensuring the industry's long-term sustainability. The Lee Pattana Group ("the Group") is committed to continuously improving energy efficiency in its production processes. The Group invests in high-efficiency machinery and advanced technologies to reduce energy consumption and lower greenhouse gas emissions. Its initiatives include:
- Utilizing renewable energy sources such as solar power and biomass in the production operations.
- Enhancing feed drying and grinding systems to improve energy efficiency.
- Implementing automation and digital technologies to reduce waste and streamline production processes.
Lee Pattana Group is principally engaged in
(1) manufacturing of animal feed
(2) crop drying, silo business and the distribution of raw materials
for animal feed manufacture
(3) experimental farming and
(4) crop farming.
- Sales in 2024 fell by 91 million baht compared to 2023 due to livestock reductions by farmers as a result of floods, animal diseases and continuously increased animal feed expenses during 2024.
- Gross profit margin rose to 10.36% in 2024, up 2.58% from 2023. This improvement is attributed to efficient production cost management through the adoption of automation machines.
- The company's operating profit for 2024 increased by 59 million baht to 146 million baht, driven by efficient cost and expense management.
- Earnings per share were 0.16 baht in 2024, an increase from 2023, which had an earnings per share 0.09 baht.
In 2024, the Company has received promotional privileges from the Board of Investment for improving production efficiency in terms of using renewable energy. The Company launched a solar energy project and, in the fourth quarter, began operating solar panels to generate electricity. This initiative is expected to significantly reduce electricity costs and greenhouse gas emissions. Additionally, the Group has undertaken a transition from fossil fuel-based energy consumption by reducing coal usage and switching to biomass fuels, such as palm kernel shells and wood pellets. This shift aligns with the Group’s sustainability policy and aims to further reduce greenhouse gas emissions.
The Group focuses on risk management by adhering to good corporate governance principles and has adopted the Enterprise Risk Management (ERM) framework based on the guidelines of The Committee of Sponsoring Organizations of the Treadway Commission (COSO) as its standard practice. All executives and employees at every level are responsible for complying with the risk management policy to ensure that risks are maintained at an acceptable level and that the Group can achieve its established business objectives.
More information can be obtained in the Company's 2024 Annual Report (Form 56-1 One Report).
| as of 30/12/24 | LEE | AGRI | SET |
|---|---|---|---|
| P/E (X) | 16.47 | 12.98 | 19.33 |
| P/BV (X) | 0.78 | 0.80 | 1.40 |
| Dividend yield (%) | 3.90 | 4.15 | 3.23 |
| 30/12/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 2,157.90 | 2,084.13 | 2,213.23 |
| Price (B/Share) | 2.34 | 2.26 | 2.40 |
| P/E (X) | 16.47 | 30.04 | 29.81 |
| P/BV (X) | 0.78 | 0.77 | 0.83 |