PPS outlines its business direction for the second half of 2024, anticipating new government contracts while continuing to manage projects in Phuket. The company is preparing for government measures to stimulate the economy and investment by launching mega-projects, and is ready to bid on both public and private sector projects. The strategy includes generating revenue through PPS Academy, focusing on technology to control operational costs and enhance profitability.

Dr. Pongthorn Tharachai, CEO of Project Planning Service Public Company Limited (PPS), revealed that the business outlook for the second half of 2024 shows a trend towards securing large-scale government consulting and project management contracts. The overall construction business in Phuket is signaling positive growth, with plans to expand operations in the province, particularly in real estate, hotels, hospitals, and retail sectors. Continuous new investments are expected as tourism in the area recovers, facilitating sales closures for the Headland Cape Yamu project and expanding opportunities for project consulting in Phuket.

The construction sector is currently awaiting clarity from the new cabinet regarding policies to expedite disbursement for ongoing projects and the opening of bids for new mega-projects from the government, alongside economic stimulus measures. The company is prepared to continuously bid for both public and private sector projects.

Additionally, the company has developed a key strategy to generate revenue directly related to its expertise, which involves launching a training institute for project management courses and integrating technology into project oversight under the name PPS Academy. This initiative aims to enhance the skill set of personnel in the construction industry and improve their work efficiency. Currently, this business has received positive feedback from both public and private agencies.

PPS also emphasizes increasing profitability and maintaining operational costs in line with business conditions by implementing the KANNA technology to control and manage construction work. This technology helps reduce work duration, lower employee operational costs, and minimize resource waste from document usage, significantly reducing expenses. The company plans to continuously incorporate other construction technologies to enhance work efficiency while also focusing on personnel development.

For the first half of 2024, 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 2024, the company recorded total revenue of 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. As of June 30, 2024, the backlog value stood at 534.95 million baht.