Mr. Pongsak Sirikupt, Chief Executive Officer of Demco Public Company Limited (DEMCO), revealed that the Company’s operating results for the year 2020 had total revenues of 2,497.12 million baht, a decrease of 15.1% compared to the year 2019 with total income. 2,937.98 million baht and a net profit of 55.20 million baht, an increase of 57.89% compared to the year 2019 with a net profit of 34.96 million baht due to a decrease in sales and service expenses The net profit margin increased from 1.19% to 2.21%.
“Performance in 2020 has been satisfactory. Although partly affected by the COVID-19 epidemic situation. Which is an obstacle to entering the construction site And causing some projects to be postponed But with effective cost management Controlling costs of sales and services Making profits grow remarkably compared to 2019 “
For the trend of performance in 2021, Mr. Pongsak Expected to continue to grow Currently, there are backlogs of 3,465.83 million baht and believe that after the COVID-19 situation Began to unravel Public and private investment will begin to bid more jobs. Especially in the part of the contractor work Still focus on receiving government jobs Both the Electricity Generating Authority of Thailand (EGAT), the Metropolitan Electricity Authority (MEA) and the Provincial Electricity Authority (PEA), which have more events to be opened for bidding worth more than 1-2 billion baht.
There is also a type of work related to the installation of fiber optic systems. And gas pipes of private companies To be invested in the year 2021, which will help drive the business to grow strong and stable in the future.
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