STECH budget book Q1/65, revenue grows nearly 30%, profit is over 22 million baht, most recently, firmly hugging backlog 1,800 million baht, supporting strong growth performance.

“Siam Technic Concrete or STECH”, one of the leading pre-stressed concrete businesses, announced its results in Q1/22 with total revenue of 510.68 million baht, an increase of 29.69% from the same period last year. Revenue from sales and services was 483.82 million baht, an increase of 22.87% from the recognition of revenue from construction projects, having a net profit of 22.96 million baht, a decrease of 30.19% from the same period last year. from the cost of raw materials, the price increased and high price competition from competitors. As for the Q2/65 trend, wait to hear the good news of STECH. Continue to bid for more big projects. Currently hugging Backlog in hand tightly for more than 1,800 million baht.

Mr. Songsak Piyawannarat Deputy Chief Executive Officer of Siam Technic Concrete Public Company Limited or STECH revealed that for the first quarter of 2019, the company had revenue from sales and services of 483.82 million baht, an increase of 90.04 million baht or 22.87% compared to the previous period. The same period last year was at 393.78 million baht due to the high volume of deliveries compared to the same period of the previous year. from the amount of orders in hand and had a total revenue of 510.68 million baht, an increase of 116.90 million baht or 29.69% compared to the same period of the previous year with a total revenue of 393.78 million baht because in the first quarter of this year, revenue was recognized from work Build more projects

The revenue from construction work amounted to 26.86 million baht, which the Company signed a contract for the construction of a 115 kV transmission line on October 18, 2021, which is the Provincial Electricity Authority. Sakon Nakhon Power Station 2, Sakon Nakhon Province – Si Songkhram Power Station Nakhon Phanom Province, the value of the work is 97.97 million baht, excluding VAT. which began to recognize income in December 2021 Working period of 1 year

while having a net profit in the first quarter of 2022 amounted to 22.96 million baht, a decrease of 9.93 million baht or 30.19% from the same period of the previous year. with a net profit of 32.89 million baht, mainly due to the increased cost of raw materials such as steel wire that has increased in price and high price competition from competitors

The company estimates in 2022 it expects revenue to grow at least 30% in response to the overall recovery of the construction industry. Government and private sector mega-projects continue to be auctioned with huge investments, giving STECH an opportunity to take advantage of this growth opportunity. At present, there is a backlog of approximately 1,800 million baht, and there are 10 pre-stressed concrete plants from the previous year with 9 branches covering almost all over the country. with 1 more factory in Chonburi, Branch 2, ready to accept jobs in the eastern region

Business overview after the government opened the country It is believed to be a positive signal for the earnings outlook for the second quarter as STECH’s business is utility-based. It is believed to be a positive factor for the Company. good to be bustling as usual by government economic stimulus measures including investment in infrastructure in the field of transportation will stimulate the overall economy and investment in the country The private sector gained confidence Gradually launching more new projects and has a positive effect on STECH

“Currently, the backlog that exists is at a high level. The covid situation began to unravel, beginning to see positive signs. together with the factory of the company can continue to produce products Ready to gradually deliver and support STECH in 2022. It is expected to grow from the previous year for sure. However, the company is still in the process of pursuing new projects of more than 330 million baht, reflecting the overall view of large projects starting to move forward. especially government mega-projects, where the Company has gained positive factors from 10 existing factories, which are located almost all regions of Thailand,” said Mr. Songsak.