TKS Technologies confident of more sales for this year
In anticipation of continued growth in its printing and information technology business, TKS Technologies has forecast its sales this year will rise by 10 per cent.
Sales in 2006 rose 6 per cent from Bt9.98 billion to Bt10.55 billion. "We will invest around Bt100 million in the printing business in 2007. Of this, Bt50 million will be invested in a warehouse and the remainder will buy machinery to add value to advanced, security and digital printing," TKS Technologies chairman Supant Mongkolsulthree said. The company expects to grow despite the intensified competition, he said. In addition, its 50-per-cent subsidiary, Synnex (Thailand), is expected to grow by around 10 per cent in 2007. Synnex operates computer equipment and software wholesaling. Synnex is due to be listed on the Stock Exchange of Thailand in the fourth quarter. TKS Technologies last year posted a net profit of Bt101 million, up significantly from Bt71.56 million in 2005. The celebration of His Majesty the King's 60 years on the throne gave a big boost to TKS Technologies' printing business, he said. Better gross margins in the printing business could be attributed to the company's advanced technology, where competition is not strong, and its product-differentiation strategy. The company's board of directors has approved an annual dividend of 20 satang per share for 2006's performance, compared with 18 satang a share in the previous year. The dividend payment is subject to approval by a shareholders' meeting on April 25.
Siriporn Chanjindamanee The Nation
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