FTE reports a total revenue of 766.42 million baht for the 9-month period, a growth of 15.04%, with a net profit of 38.41 million baht. The outlook for Q4/64 is optimistic, driven by the reopening of the country which encourages private sector investments. The company is focusing on expanding its customer base in the industrial sector and data centers while emphasizing cost control to sustain growth. They have a backlog of 450 million baht and are eagerly awaiting the bidding results for 20 projects valued at 300 million baht, continuing to pursue both public and private sector contracts. The company expects its annual revenue to be similar to last year.

Mr. Thaksin Tantiphaijit, CEO of Firetrade Engineering Public Company Limited (FTE), a leader in importing and distributing comprehensive fire protection system design, installation, repair, and inspection services, revealed that for the 9-month period of 2021, the company achieved total revenue of 766.42 million baht, an increase from 666.23 million baht in the same period last year, representing a growth of 100.19 million baht or 15.04%. The net profit was 38.41 million baht, down from 39.36 million baht in the previous year, a decrease of 0.95 million baht or 2.41%.

For Q3 of 2021, the company reported total revenue of 252.03 million baht, an increase from 222.80 million baht in the same period last year, a rise of 29.23 million baht or 13.12%. The net profit was 11.53 million baht, down from 12.87 million baht in the previous year, a decrease of 1.34 million baht or 10.41%.

The increase in revenue is attributed to the company's ability to continuously operate and recognize income from the design and installation of fire protection systems in the industrial sector, despite a general market slowdown. Meanwhile, the slight decrease in net profit is due to fluctuations in exchange rates and a weakening baht.

Looking ahead to Q4/64, the company expects to benefit from the reopening of the country, leading to increased private sector investments. FTE remains focused on expanding its customer base in the industrial sector and data centers, which continue to grow due to legal requirements for fire protection systems. Additionally, the company plans to manage costs more tightly to maintain its growth rate.

As of the end of September 2021, the company has a backlog valued at 450 million baht, consisting of 130 million baht in distribution projects and 320 million baht in fire protection system design and installation projects. They expect to recognize approximately 200 million baht in revenue this year and are awaiting results from bids for an additional 20 fire protection system design and installation projects worth about 300 million baht. The company is committed to pursuing both public and private sector contracts and believes it can maintain revenue growth at around 1 billion baht.