Thursday, October 22, 2020

WHA Group expects 2-digit growth next year

Sep 23. 2020
Group CEO Jareeporn Jarukornsakul, right
Group CEO Jareeporn Jarukornsakul, right
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By The Nation

WHA Corporation (WHA Group) forecasts a two-digit growth in revenue next year as conditions improve, said its group chief executive officer Jareeporn Jarukornsakul.

She also revised down the group's revenue forecast this year to around Bt10 billion, matching last year’s total, from the original projection of 15 per cent growth.

The revision is in response to the Covid-19 outbreak, which has prevented potential investors from travelling to Thailand for business talks, she said.

The group is expected to set aside a 2021 investment budget of Bt10 billion for its four core businesses – Bt3 billion each for logistics, industrial estate development, and utilities and power, and the remaining Bt1 million for its digital platform.

She added that the group sees signs of a recovery across its four core businesses by the end of this year, despite the challenging situation.


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