Mr. Chavalit Thanomtin, Chief Executive Officer Right Tunneling Public Company Limited (RT) revealed that the company is preparing to join the joint venture to bid in the Kathu-Patong Expressway project in Phuket, which is a PPP event, which is a tunnel project. The company has the aptitude And in the past, the company has also made joint ventures with partners in the Bang Pakong River Reservoir project of the Provincial Electricity Authority (PEA) that will be used for gas-powered power plants.
In addition, the company is confident that it will receive work on the Luang Prabang Hydroelectric Power Project. It is expected that the company will start work in Feb.66. The work in Cambodia will be completed in Oct.65. The company is constantly looking for other projects in Cambodia to accept new jobs.
Mr. Surasak Khiao, Managing Director of RT, said that the company is confident that by the end of 65, there will be backlog as planned for 8,500 million baht because the company currently has jobs that have both signed and unsigned contracts totaling 7,747 million baht. As of March 31, 65, there is a backlog of 4,782 million baht and a newly contracted contract for another 2.2 billion baht. As for the work that won the bidding, waiting for a contract of 764 million baht. It is expected that no later than 2 months will be signed.
“Backlog at the end of the year, we have according to the plan we set a goal of 8,500 million baht, looking at the results of the first half of the year. We are close to the goal, now there are more than 7 billion baht,” said Mr. Surasak.
Mr. Surasak said that from the beginning of the year 65 the company was affected by the Covid outbreak. There are rare labor problems in the country. Foreign workers have not been fully approved to enter. But the current situation is close to normal. The negative impact was reduced. The company has accelerated the construction work. and at the end of the year believe that it will unfold more
Mr. Chaiya Wonglappanich, Deputy Managing Director of Accounting and Finance Division, RT said that the earnings outlook for 2Q22 should be similar to that of 2Q21 and better from the 1Q12 that was affected by cattle. wid
“In the first half of this year, we see that we are affected by Q1 and then recover in Q2. We are confident that Q3 and Q4 will have good performance. Year-over-year view from our business plan with incoming backlogs, we are confident that the performance for the year 65 should be better than the year 64,” said Chaiya.
Incidentally, RT reported the 1Q12 net loss of 25.31 million baht from the 1Q21 net profit of 37.25 million baht.