SMART has showcased its financial performance for the year 2019, achieving a total revenue of 466.82 million baht and a net profit growth of 67.16 million baht. The company plans to pay a dividend of 0.05 baht per share, which represents 72% of net profit after deducting retained losses and legal reserves. The business outlook for 2020 appears positive, supported by government projects and the Eastern Economic Corridor (EEC). The company is gradually investing in real estate projects and expanding its customer base among retail clients, contractors, and architects, emphasizing the development of energy-efficient lightweight decorative bricks. It aims to expand distribution channels through modern trade and dealers nationwide, while also seeing continuous orders from international markets. The revenue target for this year is set to grow by no less than 5%, aiming for 490 million baht.

Mr. Rangsit Tipakornsukasem, Managing Director of SMART Concrete Public Company Limited (SMART), a manufacturer and distributor of lightweight bricks using high-pressure steam curing for construction and building partition work, revealed that the financial results for Q4 2019 showed total revenue of 124.08 million baht, an increase of 24.90 million baht or 25.11% from the same period last year, which had total revenue of 99.18 million baht. The net profit was 20.99 million baht, a significant increase from a net loss of 2.73 million baht in the previous year, marking an increase of 867.53%.

For the fiscal year 2019, total revenue reached 466.52 million baht, an increase of 100.51 million baht or 27.44% from the previous year, which had total revenue of 366 million baht. The net profit was 14.23 million baht, up from a net loss of 22.93 million baht in the previous year, representing an increase of 67.16 million baht.

The improved performance is attributed to the increased usage of lightweight brick materials in government mega projects and private construction projects. Additionally, the company has expanded its distribution channels across all platforms, including modern trade and retail construction material stores, allowing for greater product reach to target customer groups.

Furthermore, the company's board has approved a dividend payment to shareholders at a ratio of 72% of net profit after deducting retained losses and legal reserves, in line with the dividend policy of at least 40% of net profit, amounting to approximately 23 million baht at a rate of 0.05 baht per share.

Looking ahead to 2020, the business outlook is expected to be positive, driven by the EEC special economic corridor policy, which is promoting investments in industrial estates, warehouses, large-scale mega projects, and government building construction projects. This trend is expected to increase demand for construction materials, particularly lightweight bricks.

The company's strategy for driving business growth includes proactive marketing efforts to raise product awareness, expanding distribution channels, and continuously broadening its customer base. There is also a focus on promoting new products, such as "decorative lightweight bricks and lintels," to enhance product value, alongside employing an O2O (Online to Offline) strategy to stimulate sales growth and increase customer awareness through online media and social networks. Currently, the revenue breakdown is 28% from government projects, 70% from the private sector, and 2% from international markets.

In terms of market expansion in CLMV countries, the company has been exporting products to Cambodia and Laos for use in government construction and infrastructure projects, receiving positive feedback and continuous orders from distributors in those countries. Additionally, the company is actively seeking partnerships for distribution representation to further expand its market presence in the CLMV region, with a revenue target of 490 million baht this year, aiming for a growth of no less than 5%.