Monday, March 30, 2020

Builder eyes revenue boost from projects in Myanmar 

May 11. 2017
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By   THE NATION

VINTAGE ENGINEERING expects to double its revenue to Bt3.1 billion this year from Bt1.67 billion last year by booking up to Bt2.5 billion from its construction projects in Myanmar and the rest from its domestic projects.

Supasit Pokinjaruras, a director, told a press conference yesterday that the construction company would start booking an average Bt2.5 billion a year from this year until 2020 from its solar farm in Myanmar worth Bt10 billion. 

The company also has domestic projects from which Bt600 million will be booked as revenue this year.

This will boost its net profit this year from Bt49.53 million last year. 

The company has continued to expand abroad after facing slight growth in demand for construction in the domestic market.

It is focusing on Myanmar by collaborating with China Triumph International Engineering Co on the solar-farm project. 

The company has construction projects in the Philippines that will start contributing revenue next year.

It says it has enough cash on hand for its expansion overseas. 

Its shareholders approved the issuance of debentures worth Bt5 billion that will help drive expansion this and next year, Supasit said.

 

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