CCP reveals a positive business outlook for Q1/2022, supported by government infrastructure investments and a gradual return of private sector investments. The company reported a total revenue of 2,377.84 million Baht and a net profit of 36.70 million Baht for 2021, preparing to pay a dividend of 0.013 Baht per share, which represents 115.93% of net profit. The payment is scheduled for May 25, 2022.

Mr. Arthit Teepakornsukasem, Managing Director of Chonburi Concrete Products Public Company Limited (CCP), stated that the business outlook for Q1/2022 is promising due to government economic stimulus measures and various mega projects such as the high-speed rail connecting three airports, special intercity highway projects, secondary road projects, and the development of Laem Chabang and Map Ta Phut ports Phase 3. The Department of Land Transport is accelerating its operations in 2022, leading to a recovery in the private sector and industrial estates, which is increasing the demand for precast concrete products.

The company continuously adjusts its operational strategies to align with the current situation, accelerating the development of precast concrete products to meet diverse construction needs, addressing labor shortages, and reducing costs to ensure faster project completion while focusing on managing production and sales costs to minimize expenses.

For 2021, the company reported total revenue of 2,377.84 million Baht, a decrease from 2,457.05 million Baht in the previous year, representing a decline of 3.22%. The net profit was 36.70 million Baht, down from 93.34 million Baht in the previous year, a decrease of 60.68%.

The decline in the company's performance was attributed to reduced sales volume due to the impact of the COVID-19 pandemic, which led to construction site closures, work stoppages, and restrictions on labor movement, causing construction delays. Additionally, flooding in the central and northeastern regions during Q3/2021 hindered construction activities, leading to postponed private sector projects and a decrease in demand for precast concrete products.

Moreover, the company's board of directors approved a dividend payment of 0.013 Baht per share, amounting to no more than 36 million Baht, which corresponds to a dividend payout ratio of 115.93% of the company's net profit after legal reserves. The record date for dividend eligibility is May 10, 2022, with the payment scheduled for May 25, 2022 (pending approval from the shareholders' meeting on April 28, 2022).

“However, the company continuously monitors policies and measures to adapt strategies for efficient operations. Additionally, we are accelerating efforts to bid for projects nationwide to maintain a backlog of no less than 1,600 million Baht,” Mr. Arthit added.