CH. Karnchang sets revenue target of Bt30 bn

CH. Karnchang Pcl, which celebrated its 45th anniversary last year, has set a revenue target of Bt30 billion for 2017.
Plew Trivisvavet, the company’s executive chairman, said the current backlog accounts amounted to over Bt85 billion.
“2016 marked the company’s 45 years in business and we are gearing up towards becoming a leading infrastructure company in the Southeast Asia region, with five pillars of strengths,” Plew said.
“We have a vision to explore new opportunities in both domestic and overseas markets, innovation and technology, development of high quality human resources, strong financial management with readiness to invest in new projects and a longstanding commitment to social and environmental responsibility.”
Supamas Trivisvavet, chief executive officer, said: “We managed to maintain a strong revenue stream and profit ratio in 2016, with net profit of over Bt2 billion. Of the total revenue, Bt45.76 billion came from construction business.
“The gross profit ratio for 2016 is 7.08 per cent which is highly satisfactory. With strong performance in 2015, the company’s annual general shareholder meeting on Friday agreed to pay a dividend of Bt0.25 per share.”
For 2017, the company expected the government would continue to drive the development of new infrastructure projects such as five double-track rail projects of which the bidding terms are finalised, with bidding expected this year.
“In celebrating our 45th anniversary year, we have adjusted and developed a strategic move to strengthen our operation in all perspectives to align with the government’s Thailand 4.0 policy and are getting ready to become a leading infrastructure developer in the Southeast Asia region. We also plan to launch special activities to give back to the community and society,” added Supamas.