SMART is forging ahead in the final stretch of 2024 amidst challenges from the economic situation and a slowdown in the real estate sector. The company hopes that government measures and the revival of tourism will boost housing demand. It focuses on developing environmentally friendly lightweight bricks and decorative lightweight materials that align with the trend of eco-friendly housing. The company is expanding its sales channels through modern trade and dealers, alongside online marketing strategies to grow its customer base and increase revenue. For the nine-month performance of 2024, total revenue was 461.63 million baht with a net profit of 75.89 million baht. In the third quarter of 2024, total revenue was 140.15 million baht with a net profit of 21.54 million baht.

Mr. Rangsit Tipakornsukasem, Managing Director of Smart Concrete Public Company Limited (SMART), a manufacturer and distributor of lightweight bricks using high-pressure steam curing for construction and wall partitioning, stated that in the final stretch of 2024, the company continues to face challenges from various factors such as the slowdown in the real estate market, rising interest rates, inflation, and household debt issues. He believes that if the government implements clear economic stimulus measures, combined with the revival of the tourism sector, it will support an increase in housing demand, driving the need for quality and environmentally friendly construction materials.

The company is preparing to cope with market volatility by focusing on developing lightweight bricks and decorative lightweight bricks that incorporate recycled materials through highly efficient production processes to reduce carbon dioxide emissions. This aligns with the current trend in both low-rise and high-rise housing markets that increasingly prioritize the use of environmentally friendly construction materials.

Additionally, the company is expanding its offline sales channels nationwide, including modern trade stores and building material suppliers, alongside online marketing strategies to effectively reach target customers. It is also improving production efficiency and managing costs to enhance competitiveness.

For the nine-month performance of 2024, total revenue was 461.63 million baht, down from 541.23 million baht in the same period last year, with a net profit of 75.89 million baht, down from 78.84 million baht in the previous year.

In the third quarter of 2024, total revenue was 140.15 million baht, down from 185.93 million baht in the same period last year, with a net profit of 21.54 million baht, down from 32.40 million baht in the previous year.

Overall, the company's performance has declined due to the economic slowdown, with real estate operators delaying new project launches, resulting in a decrease in overall demand for construction materials.