CCP  anticipates that the concrete industry in 2019 will remain stable, expecting clearer election outcomes to support mega-projects. The company is focusing on strategies to increase margins, emphasizing new business models and developing ready-mixed concrete products to support infrastructure and landscape projects. CCP aims to expand its customer base, targeting revenues of 2,500 million baht while enhancing production efficiency and maintaining a backlog of 2,000 million baht.

 

 

           Mr. Arthit Teepakornsukasem, Managing Director of Chonburi Concrete Products Public Company Limited (CCP), revealed that the demand for concrete products this year is expected to remain stable. Despite ongoing investments in infrastructure projects under the Eastern Economic Corridor (EEC), such as the Map Ta Phut Industrial Port and industrial estates, construction work is progressing. Additionally, there are continuous projects from government agencies in various areas, such as road construction. However, private sector investments are awaiting clarity from the elections, with expectations that investor confidence in the real estate sector will return in the second half of the year.

           For this year's growth targets, the company aims for revenues of approximately 2,500 million baht, with 80% of revenue coming from public sector projects and 20% from the private sector. The operational plan for this year focuses on developing ready-mixed concrete products to cater to diverse infrastructure and landscape projects, expanding the customer base nationwide, and increasing profitability by emphasizing new business models and upgrading machinery for enhanced production efficiency.

           Currently, the company has a backlog of approximately 2,000 million baht, which is expected to be recognized as revenue over a period of 1 year and 6 months, with 60% of the revenue to be recognized within this year. The company plans to continue bidding for additional projects in the future to maintain a backlog value of no less than 2,000 million baht.

           Mr. Arthit further commented on the financial results for the fiscal year 2018, stating that total revenue was 1,565 million baht, close to the previous year's revenue of 1,561 million baht, with a net profit of 7.36 million baht, down from a net profit of 51.59 million baht the previous year due to no dividend payments from subsidiaries in 2018.

           For consolidated financial results, total revenue was 2,398.25 million baht, an increase from 2,340.31 million baht in the same period last year, representing an increase of 57.94 million baht or 2.48%. However, there was a net loss of 72.08 million baht compared to a net loss of 39.22 million baht the previous year, attributed to provisions from subsidiaries. Nevertheless, the board of directors has approved a dividend payment of 0.010 baht per share, which will be proposed for approval at the 2019 annual general meeting of shareholders.

Thank you for the information from www.ccp.co.th