‘Diamond Products Public Company Limited or <\/strong><\/span>DRT’ <\/span>announced its Q2/2023 performance, achieving total revenue of 1,519.43 million baht, a growth of 10.78% compared to the same period last year, exceeding targets, with a net profit of 166.87 million baht. This underscores the competitive capabilities of the ‘Diamond’ <\/span>brand, which is strong and effectively manages cost risks, leading to improved gross profit margins. As a result, the first half of the year recorded a net profit of 344.22 million baht, with plans to aggressively drive sales growth in the second half of the year.

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Mr. Satit Sudbanthad, CEO of Diamond Products Public Company Limited (DRT), a manufacturer and distributor of roofing systems, synthetic wood, fiber cement boards, decorative wall boards, lightweight bricks, SPC-FC stair wood, ready-made coffee shops (DIAMOND Cafe), and installation services for roofing structures and tiles under the ‘Diamond’ trademark, revealed that in Q2/2023 (April-June), the company achieved total revenue of 1,519.43 million baht, an increase of 10.78% compared to the same period last year, surpassing set targets, with a net profit of 166.87 million baht. This success stems from DRT's competitive capabilities, the strength of its product brand, and the diversity of products under the ‘Diamond’ brand, as well as a distribution network that effectively meets customer needs, including retail dealers, modern construction material retailers, real estate project customers, and exports to international markets.

At the same time, more efficient production management and maintaining an average machine operation rate of 80-90% have improved the management of raw material cost risks. Consequently, the gross profit margin in Q2 increased to 25.16%, up from 24.70% in the first quarter of this year, reinforcing DRT's strong business operation potential to overcome challenges and risks. This has resulted in an overall performance in the first half of the year (January-June) with total revenue of 3,071.90 million baht, an increase of 11.55% compared to the same period last year, and a net profit of 344.22 million baht.

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“The results in Q2 reflect DRT's operational potential and improved cost risk management, resulting in a better gross profit margin this quarter and driving performance growth in the first half of the year beyond our targets,” Mr. Satit stated. <\/strong>

The plan for the second half of the year will focus on proactive efforts to develop new products to enhance competitive capabilities in marketing under the ‘Diamond’ brand and reinforce the strength of product diversity that can be used for complete home construction, meeting the demand for construction materials from customers across all distribution channels, alongside continuous efficient production management to drive a sales growth target of 5% and maintain an average gross profit margin for the year at 25-27% as planned.