FTE reveals a positive business outlook for Q3/65, preparing to deliver projects and products worth over 250 million baht while securing new contracts valued at over 200 million baht. The strategy focuses on short-term factory projects to recognize revenue quickly, alongside plans to expand the customer base and penetrate the tourism sector in anticipation of the country's reopening. Meanwhile, the Q2/65 financial report shows total revenue of 236.79 million baht with a profit growth of 34.10%.

            Mr. Thaksin Tantiphaichit, CEO of Firetrade Engineering Public Company Limited (FTE), a leader in importing and distributing fire protection equipment and systems, announced that the overall operations for Q3 of 2022 show a positive trend. The company has projects expected to deliver products worth over 250 million baht and anticipates collecting payments from clients who have delayed payments within this year, gradually recognizing them as profit.

            Additionally, the company has secured over 50 new projects from both public and private sectors, totaling approximately 200 million baht. There are also over 50 projects currently in the bidding process, valued at over 700 million baht, with the company having a 30% chance of winning these contracts. In the import and distribution business of safety equipment and personal protective gear, there is a continuous influx of orders, and the company is expanding its product range to better meet customer needs.

            “Moving forward, in addition to focusing on securing contracts for the design and installation of fire protection systems in the private sector, such as industrial factories, warehouses, and data center facilities, which are short-term projects that allow for quick revenue recognition, the company plans to diversify its customer base. The reopening of the country is expected to boost economic activities, particularly in the tourism sector, including hotels, restaurants, and hospitals, which are anticipated to increase investments, presenting opportunities for the company,” said Mr. Thaksin.

            As of the end of June, the company has a backlog of approximately 544 million baht, with expected revenue recognition of 410 million baht within this year and 150 million baht in 2023. The company continues to actively submit proposals for both public and private sector projects.

For the Q2 2022 financial results, the company reported total revenue of 236.79 million baht and a net profit of 19.31 million baht, reflecting a 34.10% increase. For the first half of 2022, the company achieved total revenue of 475.06 million baht and a net profit of 26.05 million baht.