Advanced Information Technology Public Company Limited (AIT) has showcased its performance for the third quarter of 2022, reporting revenue of 1.886 billion baht and a net profit of 143 million baht. This brings the total revenue for the first nine months to 4.997 billion baht, with a net profit of 431 million baht, reflecting a 15% growth compared to the previous year. The company remains committed to conducting its business with consideration for the interests of all stakeholders, driving AIT's growth as it approaches its 31st year.

Mr. Siripong Unthapan, Chairman of the Executive Committee and CEO of AIT, a leader in comprehensive information and communication system integration, revealed the company's financial results for the third quarter of 2022 (July-September). The company achieved revenue of 1.886 billion baht, a 25% increase from 1.509 billion baht in the same period last year, and a net profit of 143 million baht, up 22% from 117 million baht in the previous year. This supports the performance for the first nine months of 2022 (January-September), with revenue of 4.997 billion baht and a net profit of 431 million baht, a 15% increase compared to 375 million baht in the same period last year.

The overall economy in Thailand has been steadily recovering compared to the previous year, with relaxed economic policies and increased travel, leading to improvements in trade and services. Additionally, the company has been progressively delivering numerous large-scale projects, such as the procurement and installation of information and communication technology systems for the new Parliament building's Phase 2, the development of a central digital platform connecting social security services for insured individuals, and the project for developing a train tracking system and freight management for the State Railway of Thailand.

The Chairman and CEO of AIT further stated that the company is moving forward with strong management, leveraging the expertise of its executives and team to drive AIT's business growth. The company adheres to a business approach that prioritizes the interests of all stakeholders, guided by its mission of being a “Lifelong Trusted Partner,” which is divided into five groups: 1.) Customer: Prioritizing customers by being the first choice in their minds with a professional team that focuses on customer benefits and success. 2.) Employee: Focusing on employees by developing professionals and ensuring stability in their work and family lives. 3.) Shareholders: Building confidence and providing good returns to shareholders. 4.) Partners: Establishing trust with business partners who are ready to grow and succeed together. 5.) Society and Community: Giving back to society by creating digital solutions for the community.

Additionally, during the 5th Board of Directors meeting on November 10, 2022, a resolution was passed to invest in the carbon credit trading business and the economic teak plantation project, amounting to over 176 million baht. This reflects the company's commitment to environmental concerns. Although the company's core business does not directly impact the environment significantly, it marks a starting point for AIT's involvement in environmentally conscious business practices, both directly and indirectly. This investment is also expected to yield returns for the company in the future, such as through carbon credit sales and teak timber harvesting.

Looking ahead, the performance outlook for the remainder of 2022 is expected to yield satisfactory returns. As of November 7, 2022, AIT has a backlog of 6.9 billion baht and approximately 250 million baht in pending customer orders (Waiting for P/O), along with about 1.115 billion baht in bids currently in process.

The company is focusing on expanding its market in Cloud Platform, Big Data Analytics, SDN, Cyber Security, and IoT, in addition to its existing ICT infrastructure sales, to meet all customer needs. By selecting high-quality products and services that best suit customer requirements, AIT has consistently earned customer trust and is confidently moving into its 31st year of operations.