RT wins 9 new projects in a row
Date 03 Apr 2022 time 21:16
RT wins 9 new projects in a row, focusing on cost management Receive the situation of Covid-19 and the Russo-Ukrainian War
Mr. Chawalit Thanomthin, Chief Executive Officer of Right Tunneling Public Company Limited or RT, a specialist in civil and geotechnical engineering Revealing the direction of business operations in the quarter 162, the company expects to have a better trend. From the progress in accelerating the construction of the backlog to complete and deliver the work as scheduled, such as the tunnel construction in the Northeast Railway Project Map Kabao – Chira Road Junction, Contract No. 3, Saraburi – Nakhon Ratchasima Province, progress 89.98%, water delivery tunnel construction project, Mae Taeng – Mae Ngad section, Chiang Mai Province, progress 85.71%, construction of floodgates Sri Song Rak, Royal Irrigation Department, Loei Province, progress of 30.37%, and the construction of manholes and underground conduits together with the MRT Yellow Line Project, progress of 72.20%, etc.
In addition, the Company has projects to begin construction in the first quarter of 2016, namely the construction of a water delivery tunnel along the Maha Sawat Canal. Bangkok, the construction of Highway 42, Na Thawi District, Songkhla Province, which will gradually recognize revenues until 2023 and make the company’s backlog at present at 6,059.54 million baht.
In this regard, the Company is continually preparing to accept new works in various types, such as soft soil tunnel work, exploration drilling work and slope protection work, which is divided into 4 projects that have already signed contracts and those that are pending contract signing. of 5 projects, totaling 9 projects with a total value of 1,839 million baht, which will gradually recognize revenues from the first quarter of 2016 onwards, resulting in the volume of work in hand waiting to be recognized in 2022 to grow as the target of 8,500 million baht. It is the highest new record since the company’s inception.
In addition, the Company plans to continually increase the bidding process for both government and private sectors. Including accepting work on large-scale construction projects in the tunnel type It is also in the process of negotiating from the main contractor to accept a hydroelectric power plant project in the Lao People’s Democratic Republic. It will become clear in the 4th quarter of 2022.
“The company expects this year to see good growth from increased workloads and steadily accruing revenue. The company has procurement of materials, equipment, including specialized machinery to support a variety of tasks. At the same time, the company is closely assessing the trend of construction materials from various situations such as the Russo-Ukraine war and the new wave of COVID-19 outbreak. Ready to negotiate with business partners by focusing on risk management in order to reduce the cost of construction materials and oil to an appropriate level,” added Mr. Chavalit.
As for the operating results of the year 2021, the company had total revenue of 2,492 million baht, a decrease from the previous year with a total revenue of 2,861 million baht, amounting to 369 million baht, or a decrease of 12.89%, and a net profit of 42 million baht, a decrease from the previous year. Has a net profit of 238 million baht, amounting to 196 million baht, or a decrease of 82.56%, including a resolution from the Board of Directors to issue and propose warrants (RT-W1) to the existing shareholders of the company. Allocate freely at the ratio of 5 existing ordinary shares per 1 unit of warrant. By specifying the list of shareholders who are entitled to receive the warrants to purchase the Company’s ordinary shares No. 1 (RT-W1) on May 5, 2022 (Record date), subject to approval from the general meeting of shareholders. Annual shares 2022 on April 25, 2022