Delta Paint Public Company Limited, or <\/strong>DPAINT, has revealed a bright business outlook for the second half of the year after raising prices to maintain margins that reflect costs. The company reported a 15% increase in profit for Q2 compared to Q1, thanks to improved production efficiency that helped reduce raw material and management costs. The company is actively developing products using new innovations targeting the construction chemical market while expanding its business internationally to enhance its leadership in the premium paint market.

Mr. Atthapol Tangkarawakhun, Chief Financial Officer of Delta Paint Public Company Limited, or DPAINT, presented the Q2 and first six months of 2022 performance at the Opportunity Day event hosted by the Stock Exchange of Thailand online, stating, "For the Q2/2022 results, the company reported a net profit of 12.5 million baht, an increase of 15% from the 10.9 million baht net profit in Q1 of this year. For the first half of the year, the company achieved a net profit of 23.4 million baht. The Q2 results demonstrate that the company can quickly return to profit growth as we are a growing company with high management agility, allowing us to improve production efficiency and reduce raw material and management costs swiftly. This has enabled the company to address the rising commodity raw material costs from Q1. The company has adjusted product prices by 6%-12% to maintain profit margins and reflect the increased raw material costs. Additionally, we have enhanced production efficiency and reduced raw material costs and management and sales expenses, resulting in a production cost reduction of approximately 3%-5%. Therefore, we are confident that the company's profit margins will continue to improve, allowing us to achieve satisfactory revenue growth. We expect to meet our revenue growth targets this year while maintaining our leadership in the high-quality premium paint market, which has a good profit margin.

Mr. Ronarut Tangkarawakhun, Chief Executive Officer of Delta Paint Public Company Limited, or DPAINT, disclosed the business direction for the second half of the year, stating, "For the business direction in the second half, the company plans to expand its marketing division in the mid-range paint market, which is a large segment, using branding strategies and launching products that meet consumer demands. Additionally, the company aims to export building paints to the CLMV market, valued at over 17 billion baht, focusing on the 'VAKUUM Technology' innovation from Germany and further penetrating the Blue Ocean market. We will also create new products that stand out in innovation, including building paints and new construction chemical product lines, as well as expanding the premium segment to support high profit margins. Currently, DPAINT's revenue composition includes 40% from special quality paints, 30% from high-quality paints, and 30% from value-for-money paints, all from total sales and services. These are distributed through over 1,500 outlets nationwide, including modern trade stores, retail shops, and project works, as well as providing color mixing machines installed for customer use. Currently, the company has a total of 505 color mixing machines, with a target to increase this number to 600 by the end of 2022 to expand distribution channels that better meet consumer demands and enhance distribution efficiency.