CCP has announced its Q3/2022 financial results, reporting total revenue of 637.97 million baht and a net profit of 13.86 million baht. The company signals a positive business outlook for Q4/2022, driven by increased demand for ready-mixed concrete as the flooding situation across the country begins to improve. Construction activities are resuming as normal, with government mega-projects accelerating their delivery schedules. The company is preparing to expand its ready-mixed concrete services in the northeastern region, focusing on developing concrete products, infrastructure projects, and landscaping to meet the needs of modern consumers, while reducing costs and saving labor and time, aiming for a revenue target of approximately 2.6 billion baht.

Mr. Arthit Teepakornsukasem, Managing Director of Chonburi Concrete Product Public Company Limited (CCP), revealed that for Q3 2022, the company achieved total revenue of 637.97 million baht, an increase of 106.79 million baht from 531.17 million baht in the same period last year, with a net profit of 13.86 million baht, up from 8.99 million baht in the previous year.

For the nine-month period of 2022, the company reported total revenue of 1,886.85 million baht, an increase of 55.72 million baht from 1,831.13 million baht in the same period last year, while net profit was 25.91 million baht, down from 47.50 million baht in the previous year.

The increase in total revenue was attributed to the company's revised sales strategy and an increase in small-scale projects, allowing for quicker project delivery, such as road construction and drainage system installation. However, the net profit for the nine-month period decreased slightly due to short-term impacts from flooding in central and northeastern regions, causing construction delays and project delivery postponements. Additionally, the prolonged rainy season led to delays in product shipments in certain areas, coupled with rising raw material costs, which contributed to the decline in profit.

Nevertheless, the company expects to see positive business signals in the final quarter of the year, supported by investments in economic development plans and several infrastructure projects in the new fiscal year. As the flooding situation improves, government mega-projects in various areas are resuming normal construction activities, such as road and bridge projects. Furthermore, government economic stimulus measures are encouraging private sector operators to accelerate construction to meet project deadlines, resulting in increased demand for ready-mixed concrete products.

Additionally, the company is preparing to expand its ready-mixed concrete services in Nong Khai province to supply concrete and provide quality inspection services in the northeastern region to meet rising demand.

“The company continues to develop new products in the ready-mixed concrete segment for infrastructure and landscaping projects, catering to modern consumer behaviors that demand convenience, speed, cost reduction, and labor savings. We are also focusing on both offline and online marketing strategies, alongside expanding efficient distribution channels for ready-mixed concrete products to reach retail customers nationwide. Additionally, we emphasize cost management and efficient internal expense control to maintain long-term cost efficiency, enhancing competitiveness and driving revenue towards our target of approximately 2.6 billion baht,” Mr. Arthit stated.