DEMCO receives revenue this year misses the target Prepare a plan to win more than 1.7 billion baht.

DEMCO receives revenue this year misses the target Prepare a plan to win more than 1.7 billion baht.
DEMCO receives revenue this year misses the target Prepare a plan to win more than 1.7 billion baht.

DEMCO receives revenue this year misses the target After the delivery of 3 major projects was delayed. She is currently stocking backlogs of over 3,054 million baht, expecting about 40% of the recognition in the second half of the year. Ready to bid for new projects EGAT and PEA worth over 17 billion baht. Prepare plans to join hands with partners to explore new businesses

Mr. Pongsak Sirikupt, Chief Executive Officer of Demco Public Company Limited (DEMCO) revealed at the “Opportunity Day” event that the company expects revenue this year will not meet the target of 10% growth from the previous year due to Affected by the design and delivery of the area delayed by 3 major projects

The three projects are Embroidery work for the motorway project worth 1,100 million baht, the construction of a power station in Sam Khok area. Pathum Thani Province worth 500 million baht from the Electricity Generating Authority of Thailand (EGAT) and the station and transmission line of the Provincial Electricity Authority (PEA) worth 250 million baht. However, the company will strive to operate as best as possible.

At present, the company’s backlog value is approximately 3,054 million baht, most of which are power engineering, communication and signaling work. and renewable energy work. It is expected that such backlog will gradually recognize income in the quarter 3-4/22, approximately 40% of the total value of the work.

Meanwhile, the trend of jobs in both the public and private sectors began to return for more bidding. especially in the government sector, both in the project of EGAT. The bidding will be open for the construction of the substation with an average of 10,000 million baht per year and projects of PEA. Currently, it is awaiting bidding for the construction of power substations and transmission lines. and has an average value of approximately 7 billion baht per year

The business trend in the second half of the year The company will continue to expand new business with partners to expand the business and create opportunities to increase sources of income and create New S Curve from the business of the future. In line with megatrends after technological changes such as Computerized Base, Smart Grid, Micro Grid, Energy Storage, and businesses related to electric vehicles (EV), the company also aims to expand investment in solar rooftop projects 20 megawatts (MW) by year 66

“The goal of adding a new line of work. to jointly formulate business strategies, action plans Administrative structure Feasibility Study of Investment Project business development as well as giving advice Project management work group to develop efficiency in the implementation of the company’s strategic goals We are confident that it can help drive sustainable growth in the future,” said Mr. Pongsak.


The article is in Thai

Tags: DEMCO receives revenue year misses target Prepare plan win billion baht

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