Diamond Building Products foresees only
Diamond Building Products, manufacturer and distributor of roofing and construction materials under the Diamond brand, has set a conservative revenue-growth target for this year of 4 per cent over last year's Bt4.25 billion, noting the sluggish economy.
However, Diamond projects up to 15-per-cent revenue growth from its exports to Asean countries, especially Laos and Cambodia, which last year accounted for 10-per-cent growth, Sathit Sudbanthad, deputy managing director of sales and marketing, said yesterday.
Diamond sees its net margin improving from 6.8 per cent to 9 per cent this year thanks to higher export sales, an emphasis on value-added products and improved cost-control measures.
This should push net profit this year higher than the Bt289.29 million earned last year.
About Bt100 million has been budgeted to upgrade machinery and equipment.
There are no plans to raise production-capacity utilisation above the present 70-80 per cent.
The company is considering setting up a factory in another country such as Cambodia and Myanmar, via a joint venture with a local partner, to reduce transport costs.
The plan would need Bt200 million in two to three years if it proved to be feasible, Sathit said.
