Post by account_disabled on Dec 28, 2023 8:46:10 GMT
Mostly waiting to recognize income in 2020, while the rest will gradually recognize income in 2021, so we are confident that this year's goals will be as planned. Targeting revenue growth of 10% from last year's total income of 422 million baht. As for the trend for the second half of the year, it is expected to grow more than the first half. This is because it is a period of gradually delivering work at full capacity. To complete the project work according to plan This allows the factory to use its production capacity more as the workload increases, along with new bidding plans. According to the policies of the government and private sectors It is an opportunity for the company. To receive orders Ready to expand work in the area of Chonburi province. and the eastern zone Especially utility system work, including road construction, route expansion, and industrial estate work, which is expected to continue to come out in the auction this year and next year.
“In 2020, it will be the year of large-scale project development in the Eastern Economic Corridor (EEC) where investment piles will begin. As a result, there is continuous project work in 3 provinces: Chonburi, Rayong, and Chachoengsao. STC is ready to accept the opportunity that will arise. Outstanding with a complete range of standard concrete products. and there are 4 concrete Telegram Number Data factories in strategic locations. The heart of Pattaya gives the company a competitive advantage. Able to control and manage transportation costs effectively and the company does not close off opportunities to expand work in other zones. from some demand coming in,” Mr. Ekachai said. For the operating results for the 1st quarter of 2020, consistently making new quarterly highs.
The total income was 130.51 million baht, an increase of 21.27% from the previous year, mainly due to an increase in income from production and distribution of precast concrete. Most of the increase came from work related to basic utility systems. It is in line with the demand for products for use in infrastructure investment projects in the Pattaya area. Chonburi Province and nearby areas, while gross profit was 38.02 million baht, a growth of 10.01%. Net profit was 8.44 million baht, a decrease of 5.38%. The net profit decreased because the company There are increased administrative expenses and production costs. including depreciation of the new factory and improve machinery To prepare for future expansion Including Financial Reporting Standards No. 9, effective in the current period. This has affected the consideration of setting additional allowance for doubtful debts. However, the company expects to gradually recognize doubtful debts as income this year.
“In 2020, it will be the year of large-scale project development in the Eastern Economic Corridor (EEC) where investment piles will begin. As a result, there is continuous project work in 3 provinces: Chonburi, Rayong, and Chachoengsao. STC is ready to accept the opportunity that will arise. Outstanding with a complete range of standard concrete products. and there are 4 concrete Telegram Number Data factories in strategic locations. The heart of Pattaya gives the company a competitive advantage. Able to control and manage transportation costs effectively and the company does not close off opportunities to expand work in other zones. from some demand coming in,” Mr. Ekachai said. For the operating results for the 1st quarter of 2020, consistently making new quarterly highs.
The total income was 130.51 million baht, an increase of 21.27% from the previous year, mainly due to an increase in income from production and distribution of precast concrete. Most of the increase came from work related to basic utility systems. It is in line with the demand for products for use in infrastructure investment projects in the Pattaya area. Chonburi Province and nearby areas, while gross profit was 38.02 million baht, a growth of 10.01%. Net profit was 8.44 million baht, a decrease of 5.38%. The net profit decreased because the company There are increased administrative expenses and production costs. including depreciation of the new factory and improve machinery To prepare for future expansion Including Financial Reporting Standards No. 9, effective in the current period. This has affected the consideration of setting additional allowance for doubtful debts. However, the company expects to gradually recognize doubtful debts as income this year.