Pre-built eyes revenue of Bt3.7 bn
Contractor and property developer Pre-Built Plc targets total revenue of Bt3.7 billion this year, up 23 per cent from its estimated revenue of Bt3 billion last year, thanks to strong demand to build infrastructure and property projects this year.
The company reported total revenue of Bt2.52 billion and net profit of Bt88 million in the first nine months of last year, up 82 per cent and more than 100 per cent respectively from its total revenue of Bt1.38 billion and net profit Bt40 million in the same period of 2010.
CEO Chayarat Thampeera said at a press conference on Friday that up to 80 per cent of its total revenue will come from its contractor business; 15 per cent from its property developer business, Pre-Land Co Ltd, which is a wholly owned subsidiary; and 5 per cent from its construction raw-materials subsidiary, PCM Construction Material Co Ltd, which produces prefabricated concrete slabs.
We believed our businesses will grow as targeted, as demand for contractors is higher than the supply due a labour shortage. But we have the resources – especially labour – to support our business growth,” he said.
He added that the company now has contracts on hand worth Bt400 million, which will be delivered to its customers this year, and is negotiating contracts to build new manufacturing plants, residential projects and commercial buildings worth Bt1 billion.
“We will also bid on new deals worth Bt4 billion. This will be enough to boost our total revenue to achieve the target,” he said.
The company expects 10 per cent of its total revenue from its contracting business will come from government projects, both infrastructure and buildings. The next 90 per cent will come from the private sector, including building manufacturing plants, office building and condominium projects.
Meanwhile, its subsidiary Pre-Land Co Ltd expects to generate total revenue of at least Bt570 million this year, which will come from its Tempo brand condominium projects, he said.
He added that Pre-Land Co Ltd also plans to develop two or three new residential projects a year worth between Bt1 billion and Bt1.5 billion a year. It aims to boost its total revenue growth to an average of 18 per cent a year between 2013 and 2015.
“Contracting is still our core business, generating over 50 per cent of our total revenue this year and the following three years, but our real estate and construction raw-material plant will generate income to boost our total revenue growth to achieve our target of 18 per cent a year,” he said