As a registered company that prioritizes responsible business practices towards stakeholders, while considering environmental care, social responsibility, and corporate governance (ESG), Diamond Building Products Public Company Limited (DRT) has recently been announced by the Stock Exchange of Thailand as a sustainable stock or SET ESG Ratings for the year 2023, achieving an AA rating in the real estate and construction sector. This recognition has brought great joy to Mr. Sathit Sudbanthad, the CEO of DRT, reflecting the company's commitment to sustainable growth.

In terms of Q3/2023 performance, the company reported total revenue of 1,374.49 million baht, a growth of 10.61%, and a net profit of 168.68 million baht, an increase of 29.44%. Despite being a low season, this underscores the strong business potential of the ‘Diamond’ brand, indicating that the customer segments in real estate projects and modern construction material retail are experiencing robust double-digit growth. The company effectively managed its product mix and maintained an average machine operation rate of 80-90%, pushing the gross profit margin up to 27.85%, supporting a net profit of 512.90 million baht in the first nine months of this year, and is confident of achieving its growth targets for the year.

Mr. Sathit Sudbanthad, CEO of Diamond Building 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 the overall performance in Q3/2023 (July-September). The company has consistently achieved growth beyond its targets, even during the off-season for construction material sales, and outpaced the growth of the construction material market, with total revenue of 1,374.49 million baht, up 10.61% compared to the same period last year. This reflects the business potential and competitive capability of the ‘Diamond’ brand, which is well-recognized by consumers and offers a diverse range of products suitable for complete home construction, along with comprehensive distribution channels that effectively meet customer demands, particularly among real estate project developers and modern construction material retailers, which are experiencing double-digit growth.

At the same time, the company has continuously managed production efficiency, maintaining an average machine operation rate of 80-90% and managing its product mix, allowing DRT to better mitigate risks related to production cost factors. As a result, the gross profit margin has improved for three consecutive quarters, with Q3 showing a gross profit margin of 27.85%, higher than Q2's 25.16% and Q1's 24.70%. Consequently, the net profit for Q3/2023 reached 168.68 million baht, an increase of 29.44% compared to the same period last year. This success has led to a total revenue of 4,446.35 million baht in the first nine months of this year, growing by 11.26%, with a net profit of 512.90 million baht, up 0.89% compared to the same period last year.

“Even though Q3 is a low season, we have worked hard to continuously adjust our strategies to drive growth in both revenue and profit by offering solutions that combine products with comprehensive services to support the expansion of project customers and manage our product mix while maintaining machine operation rates to drive gross profit as planned,” Mr. Sathit stated.

Regarding the operational direction for the final quarter of this year, the company aims to continue fostering growth while maintaining competitive capabilities in marketing under the ‘Diamond’ brand and continuously managing production efficiency to keep the average gross profit margin for the year at 25-27% and drive sales growth targets of 5% as planned.