SMART has announced its Q2/2023 financial results, reporting total revenue of 182.66 million baht and a net profit of 21.64 million baht, a remarkable increase of 648.63% . The growth is supported by the rising demand for lightweight bricks in government mega-projects and the EEC initiative, with the private sector responding positively to high-quality, energy-efficient, safe, and environmentally friendly lightweight bricks. The company is accelerating product development to meet the market demand for eco-friendly real estate, expanding its customer base, and improving production costs to drive revenue growth as planned.

Mr. Rangsit Teepakornsukasem, Managing Director of SMART Concrete Public Company Limited (SMART), a producer and distributor of lightweight bricks using high-pressure steam curing for construction and wall partitioning, as well as decorative wall applications, revealed that for Q2 2023, the company achieved total revenue of 182.66 million baht, an increase from 128.21 million baht in the same period last year, representing a 42.46% growth, with a net profit of 21.64 million baht, up from 2.89 million baht last year, marking a 648.63% increase.

For the first half of 2023, the company reported total revenue of 355.29 million baht, up from 265.92 million baht in the same period last year, a 33.60% increase, and a net profit of 46.43 million baht, up from 11.22 million baht last year, a 313% increase.

The improved performance in revenue and profit is attributed to ongoing investments in government projects, such as the construction of government office buildings, office spaces, electric train projects, and hospital buildings, as well as construction related to the Eastern Economic Corridor (EEC), including industrial estates and factories. Additionally, the gradual recovery of both horizontal and vertical real estate projects has boosted the demand for construction materials, particularly high-quality, energy-efficient, safe, and environmentally friendly lightweight bricks.

“The company's business direction moving forward is expected to continue growing due to the increasing demand for construction materials, which is likely to expand alongside investments in infrastructure and real estate projects. Moreover, consumer trends show a growing preference for innovative construction materials that save energy and are environmentally friendly. The company is committed to developing high-standard lightweight bricks that are safe, energy-efficient, and environmentally responsible, while also improving production processes and incorporating more technology to enhance efficiency and contribute to reducing greenhouse gas emissions. Currently, the G4 SMART BLOCK lightweight brick product has special properties and has officially received the 'Carbon Footprint of Products' certification from the Greenhouse Gas Management Organization.

Additionally, the company continues to focus on proactive marketing strategies to promote products through online media and social networks, including Facebook, Line@, and Instagram, to reach target groups such as homeowners, architects, contractors, and construction companies, increasing brand awareness and stimulating purchasing decisions to drive revenue in line with set targets,” Mr. Rangsit stated.