The Practical Solution Public Company Limited (TPS) reported a net profit of 14.04 million baht, an increase of 400.57%, continually continually bidding on new projects – supporting the year’s performance to grow 20-25%.
Mr. Boonsom Kitkasetsathaporn Chief Executive Officer of The Practical Solution Public Company Limited (TPS) operates as a consultant, design, procurement, installation and distribution of products and equipment related to information technology systems. 65 (Ended March 31, 2022) had a total revenue of 202.63 million baht, an increase of 74.39 million baht or 58.01% compared to the same period of the previous year, with a total revenue of 128.24 million baht and a net profit of 14.04 million baht, an increase of 11.23 million baht. or 400.57% compared to the same period last year with a net profit of 2.80 million baht
The main reason for the increase in revenue and profit of the Company in the 1Q12 compared to the same period last year from the recognition of revenue from the business of selling and installing information technology systems Including income from service and maintenance of the system following the sale.
“The 1Q12 performance showed good growth. because the company Able to deliver work both public and private sectors as scheduled Along with being able to close deals with more new customers Currently, there are more than 1,147 million baht backlog in hand. It is expected that revenue will be gradually recognized within this year onwards. continually To fill the existing backlog, I am confident that it will support the revenue this year to grow as the target set.”
Chief Executive Officer of TPS said that the company is aiming for business growth this year at 20-25% from continual bidding for new projects in both public and private sectors. By bidding on the work of TPS itself and in the part of The Win Telecom Company Limited, which is a subsidiary Currently, it is in the process of participating in the bidding of many other projects. Expect to see clarity within this year. As for the cybersecurity business, under X-Secure Co., Ltd. is a subsidiary. At present, there are many interested customers. Expect to see clarity within this year as well. In addition, it is also looking for investment opportunities in other businesses. which is an extension of the main business To increase the channel of income for TPS and its shareholders in the long run
