The year 2016 is the year of many challenges both from the global economy and politics as well as the fluctuations in the exchange rates. Meanwhile, the overall economic situation of the country grew by only 3.2 percent from the previous year with the public spending and investment in the infrastructure as the main drivers of the economy. However, the Company’s growth of operational performance still increased from the previous year. The total revenue from all types of businesses operations grew by over 29% with the net profit obtained from the Company’ operational performance growing by over 70% as a result of careful business operations and revision of the plan in consistence with the economic recession and uncertainties for the business to sustainably grow and maintain the stable financial position. In the past year, the Company had invested through the acquisition of ordinary shares of Stonehenge Inter Company Limited ("STI") specializing in giving the consultation and managing the construction work in full range from the existing shareholders accounted for 35% of the value of 100 million baht. This coinvestment will enhance the competitiveness of the Company in the future. In addition, the opening of the subscription to the Golden Ventures REIT (GVREIT) in the Stock Exchange of Thailand also made the Company have better financial liquidity. According to the overall operational performance and financial viability, Tris Rating Company Limited upgraded the rating of reliability in the investment of the Company to "BBB + / Stable".
The Company recognizes the importance of good corporate governance believing that good corporate governance will benefit the Company's business operation. It can increase the long-term value and return to shareholders as well as building confidence among the shareholders, investors and all involving parties. Therefore, the Code of Conduct was reviewed and revised by the Board of Directors to add the Whistle blowing policy and protection of information providers in the newly revised Code of Conduct to grant the opportunity to the employees and stakeholders in informing the clues or complaints when founding the matters possibly illegal, fraud, or misbehave of the Company’s employees as well as the behaviors possibly troubling or causing damage to the Company including receiving the complaints in the case that the employees and stakeholders are infringed or treated unfair. The Company also assigns the Corporate Governance Supervisory Committee to consider the criteria in applying to be the members of Thailand’s Private Sector Collective Action against Corruption (CAC).
The continual development on the corporate governance system of the Company results in enabling the Company to be evaluated on the Corporate Governance of listed companies in 2016 from the Thai Institute of Directors (IOD) as "Excellent" level.
Moreover, the Company was also awarded the 3rd Investors’ Choice Award for the year 2016 from the Thai Investors Association. This is the honorable award of information disclosure and equal treatment to the shareholders. The Company received 100 scores from the evaluation of quality in arranging the General Shareholder’s Meeting in the excellent level for the period of 6 consecutive years from 2011-2016 in all criteria of evaluation according to the regulations of the Office of Securities and Exchange Commission and the Stock Exchange of Thailand.
As the Board of Directors is aware of the responsibility to communities and society, the policy is stipulated with the sense of community and social responsibility inside the Company and employees of all levels continually by encouraging employees to have social responsibility, provide assistance and support to the public especially in the educational development projects as well as realizing the conformity to safety, hygiene and environmental standards correctly and properly to prevent the loss to life and properties of the community including the efficient use of resources. In 2016, the Board of Directors, executives and employees of the Company had jointly arranged the activities and projects to develop community and society. The details can be viewed in the topic of "Corporate Social Responsibility".
On behalf of the Board of Directors of Univentures Public Company Limited, I would like to thank all of the management team and employees for their hard work throughout the past year to achieve good result which is an important part to push the company sustainably and stably grow. Thank to customers, business partner and all shareholders in trusting and supporting the Company and the Group always. The shareholders can be ensured that we will strive to perform our duties and conduct our business with transparency and good corporate governance for the prosperity of the Company and the Group and for the sustainable returns of all shareholders forever.