CPANEL has achieved an all-time high for five consecutive quarters, showcasing its Q3/65 financial results with revenue of 122.15 million baht and a profit of 24.35 million baht, marking a 613.29% increase. The nine-month results have surpassed the entire year's performance in 64, with a continuous growth trend expected in Q4/65 as both low-rise and high-rise developers accelerate construction before the LTV measures expire. The company anticipates a new high in 65 with growth exceeding 30%.

Mr. Chakrit Tipakornsukasem, Managing Director of CPANEL Public Company Limited, a manufacturer and distributor of precast concrete products using fully automated systems for real estate construction projects, revealed that for Q3 of 2022, the company reported total revenue of 122.15 million baht, an increase of 58.75 million baht or 92.67% from the same period last year, which had total revenue of 63.40 million baht. The net profit was 24.35 million baht, up from 3.41 million baht in the same period last year, representing an increase of 613.29%.

For the nine-month results of 2022, the company reported total revenue of 316.73 million baht, an increase of 96.05 million baht or 43.52% from the same period last year, which had total revenue of 220.67 million baht. The net profit was 48.97 million baht, up from 20.19 million baht in the same period last year, an increase of 142.48%, surpassing the full-year results of 2021, which had total revenue of 312.44 million baht and a net profit of 31.80 million baht.

The company's outstanding growth is attributed to the development of its production system, allowing for increased output of precast concrete and faster delivery, as well as effective cost management, significantly enhancing profitability.

Looking ahead to Q4 of 2022, the business trend remains positive, supported by property developers in both low-rise and high-rise sectors accelerating construction to deliver to customers before the government lifts the housing loan (LTV) measures, which will expire on December 31. This is particularly relevant for the mid-to-high-end housing segment, which forms the company's customer base.

As of November 9, 2022, the backlog stands at approximately 1.146 billion baht, with revenue expected to be recognized within 2023. Additionally, the company is awaiting the signing of contracts for five projects, both low-rise and high-rise, valued at over 150 - 300 million baht, and is in negotiations with new clients, which are expected to conclude within this year.