Mr. Rangsit Teepakornsukasem, Managing Director of Smart Concrete Public Company Limited (SMART), a manufacturer and distributor of lightweight concrete blocks using high-pressure steam curing for construction and wall partitioning, revealed that the overall market for construction materials and lightweight blocks remains stable in the final quarter of 2017. The government continues to invest in various projects, especially in the eastern region, but there are still delays, and real estate operators are slowing down the launch of new projects.

          For the company's operational strategy in the final quarter of 2017, it will continue to increase orders from both private and government projects. The company is ready to offer services in all forms and is accelerating the expansion of distribution channels through modern trade and retail construction material stores, moving away from solely relying on distributors and construction material shops. This strategy will effectively distribute products to target customers, enhance the SMART brand's recognition, and help expand the market in provinces where SMART currently has no distributors. It is expected that this initiative will be completed and products will be available for sale by the end of this year.

          In the CLMV market, the company is increasingly penetrating the Cambodian market, planning to showcase products and usage methods to target groups in Cambodia at the end of November. Additionally, it aims to increase the number of distributors to meet market demand, as demand in Cambodia is expanding. Currently, there are continuous orders coming in from partners who are distributors in Cambodia.

          The financial results for the third quarter of 2017 showed a decline compared to the previous year, with total revenue of 79.22 million baht, down from 82.86 million baht in the same period last year, and a net loss of 13.65 million baht, which is an increase from a net loss of 7.48 million baht in the same period last year. This decline is attributed to the company's investment in machinery maintenance and upgrades to enhance efficiency and readiness for use.

          For the nine-month financial results of 2017, the company reported total revenue of 231.34 million baht, which is similar to the 235.13 million baht reported in the same period last year, with a net loss of 61.92 million baht. The decline in performance is due to the slowdown of government and private sector projects, as well as the rainy season, which has caused delays in project execution and delivery, resulting in reduced sales volume compared to the previous year. Increased cost of sales and rising financial costs have led to a decrease in gross profit and net profit, resulting in the reported net loss, despite the company managing to reduce selling and administrative expenses compared to the previous year.

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