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Peerapat Technology’s Impressive Growth in Q3 2023 Driven by Tourism Recovery and Overseas Expansion

Stock news 2:01 p.m. 2023-09-18

Mr. Weerapong Luesakul, Chief Executive Officer of Peerapat Technology Public Company Limited (PRAPAT), revealed that operating results in the 3rd quarter of 2023 are likely to grow impressively in line with the company’s goals. The 6-month operating results For the first time in 2023, the company had an income of 527.64 million baht and a net profit of 25.52 million baht. The company was able to make a profit in the first 6 months that was already more than the profit for the whole year 2022.

And the second half of the year has outstanding growth trends because it is the high season, helping to support the results at the end of the peak curve. Therefore, it is expected that the company’s 2023 operating results will return to a new high again, being able to create a record income and profit growth better than 2019, which was the year before the COVID-19 situation occurred. This is a result of the recovery of the tourism sector and related businesses. Including government measures to stimulate the economic system from tourism. In particular, the approval of free temporary visas for Chinese and Kazakhstan tourists for 5 months.

To facilitate and encourage more tourists from both countries to travel to Thailand. Ready to push the number of foreign tourists in the last quarter of 2023, which is the tourist season, to reach 28 million people according to the government’s target for the entire year.

“The measures to stimulate tourism of the Settha government 1 make PRAPAT’s customers in the hotel business group Restaurants and cafes An order for cleaning products has been made. floor cleaning machine and automatic container washing machines continue to increase. This is considered a factor that will drive this year’s income to grow. 10-15% according to the set target,” Mr. Weerapong said.

As for the business plan for 4Q23, “Phu Quoc Hotel Supplies”, PRAPAT’s first overseas subsidiary, is preparing to open a showroom and warehouse. To provide services and sell equipment, machinery, and cleaning products that meet international standards for service-related industries. (Hospitality) on Phu Quoc Island Vietnam Officially in December 2023 and the renovation of the Phuket Business Center showroom. To support the growth and trends of tourism. This is considered a factor that helps support the business’ growth in the final stretch of 2023 according to the specified strategy.

By InfoQuest News Agency (18 Sept. ’23)

Tags: PRAPAT, Peerapat Technology, Weerapong Luesakul
2023-09-18 07:32:58
#PRAPAT #delivers #highs #year #surpassing #benefiting #economic #stimulus #high #season #tourism #grows #strategy #InfoQuest

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