Pylon planning to bid on upcoming projects after slow Q3
After seeing its profit plunge by over 80 per cent to just Bt4.7 million during the third quarter of the year, PYLON PCL, a leading construction company specializing in building foundations, is hoping for business recovery during the fourth quarter thanks to government and public projects.
Dr Chanet Saengarayakul, president of PYLON, said in a press release that postponement of BTS projects and private businesses have affected company earnings in Q3, but he believes the lowest point has been passed.
The company has a backlog worth Bt1.1 billion, and plans to bid in the fourth quarter for upcoming projects, including railways, BTS and condominiums, including One Bangkok.
“We hope to win subcontracts from the BTS projects as well as other new construction projects,” he said.
