PPS reports its performance for the first half of 2023, with revenue of 185.94 million baht and a backlog of 534.95 million baht. The company aims to explore new international markets to increase revenue opportunities while continuing to bid for government and private sector projects. They are also adjusting their organizational management strategy to focus on maintaining operational costs.

Dr. Pongthorn Tharachai, CEO of Project Planning Service Public Company Limited (PPS), stated that the Thai economy is expected to gradually grow better in the second half of 2023 due to government measures stimulating the economy through the real estate sector, which is a key driver, supported by tourism and retail businesses. This will lead to increased private sector investment.

Given the economic slowdown in the first half of 2023, the company is seeking new markets to expand its customer base, focusing on construction projects abroad. Currently, they are in negotiations with foreign companies and expect to start receiving project management and construction supervision work soon, which will provide another revenue stream for the company.

Additionally, the company continues to prioritize core projects from both government and private sectors, maintaining existing client projects such as Lotus, CPN, and the Department of Public Works and Town & Country Planning (DPT), while also pursuing new project bids to increase their workload. As of June 30, 2023, the backlog stands at 534.95 million baht, and they continue to work on the Laem Yamu project and additional consulting projects in Phuket.

For the first half of 2023, the company reported total revenue of 185.94 million baht, a decrease from 207.36 million baht in the same period last year, down by 21.42 million baht or 10.33%, with a net loss of 11.54 million baht. In the second quarter of 2023, total revenue was 87.13 million baht, down from 105.16 million baht in the same period last year, a decrease of 18.03 million baht or 17.15%, with a net loss of 9.90 million baht.

The company's performance declined due to uncertainties in extending contracts with government sectors and a slowdown in the core business of construction project consulting, as well as the share of losses from its joint venture, Project to Property Development Co., Ltd., which is pending project sales. If the sales are completed, revenue recognition will occur.

Currently, the company is adjusting its management strategy to focus on maintaining operational costs to increase margins by implementing technologies such as KANNA and Halo Builder to control and manage construction work. This helps reduce work duration, lower employee operational costs, and minimize resource waste from document usage, significantly reducing expenses. This creates opportunities for returns for investors and helps maintain operational costs to improve the company's performance.