SMART has announced its financial results for the year 2021, achieving total revenue of 459.48 million baht and a profit of 39.87 million baht. The company is set to pay a dividend of 0.04 baht per share, continuing to develop innovative products that meet customer needs and drive sales growth.

Mr. Rangsit Teepakornsukasem, Managing Director of Smart Concrete Public Company Limited (SMART), a producer and distributor of lightweight concrete blocks using high-pressure steam curing for construction and wall partitioning, revealed that the financial results for the year 2021 showed total revenue of 459.48 million baht, an increase from 419.17 million baht in the previous year, amounting to an increase of 40.31 million baht or 9.62%. The net profit was 39.87 million baht, down from 45.81 million baht in the previous year, a decrease of 5.94 million baht or 12.96%. Meanwhile, the gross profit stood at 103.11 million baht, up from 95.93 million baht in the previous year, an increase of 7.18 million baht or 7.49%.

Mr. Rangsit Teepakornsukasem
Managing Director of Smart Concrete Public Company Limited (SMART)

     For the fourth quarter of 2021, total revenue was 121 million baht, an increase from 108.73 million baht in the same period last year, an increase of 12.27 million baht or 11.28%. The net profit was 9.41 million baht, down from 15.80 million baht in the same period last year, a decrease of 6.39 million baht or 40.44%.

Both revenue and gross profit improved, supported by the demand for lightweight concrete blocks in government construction projects such as the electric train, hospitals, and government office buildings that are continuously being constructed. Additionally, the relaxation of LTV (Loan to Value) measures has stimulated the real estate sector, with the public showing increased interest in purchasing both horizontal and vertical housing. The nationwide COVID-19 vaccination rollout has boosted consumer confidence in spending, leading real estate developers to accelerate investments in new projects. Hotel and restaurant operators are also rushing to renovate to accommodate the domestic tourism market. However, the net profit decreased due to the company incurring income tax expenses for the year ending December 31, 2021, amounting to 8.39 million baht.

Furthermore, the company's board of directors has approved the payment of an annual dividend for 2021 to shareholders at a rate of 0.04 baht per share, representing 110.02% of net profit after legal reserves, based on a dividend policy of no less than 40% of net profit, totaling a dividend payout of 41.662 million baht. The final approval for the dividend payment will be sought from shareholders again in April.

“Our company is accelerating the launch of new innovative products that better meet customer needs, highlighting features that address labor shortages, save energy, reduce costs, and protect the environment. We are also focusing on online-to-offline marketing to raise awareness through online media and social networks to stimulate sales. Additionally, we are continuously bidding for various mega projects nationwide. The company has prepared a risk management plan and adjusted operational strategies to align with the situation, ensuring that we can adapt to any circumstances,” Mr. Rangsit stated.