Forth, TKS set to beat gloom
Electronic-parts manufacturer Forth and computer-accessories distributor TKS Technologies are confident they will be able to meet growth targets despite the political and economic uncertainty.
Forth has targeted Bt5 billion in revenues, doubling last year's figure of Bt2.48 billion. "Although the political and economic doldrums have concerned investors, we have handled this fluctuation by diversifying our products for domestic and international customers, which are subcategorised into export customers, state enterprises and government sectors," said Amorn Uengsakunpricha, Forth's vice president of finance and accounting.It expects 55 per cent of its revenues this year will be generated by manufacturing of electronic parts, compared with 36 per cent last year. In the first quarter, Forth posted a net profit of Bt40.65 million, up from Bt29.1 million in the same period last year. TKS Technologies expects its two core businesses - printing and distribution of computer accessories - to drive it to achieve Bt10 billion in revenues. Chairman Suphan Mongkhonsuthi said the goal was practical, because the high season of both businesses would be in the second half of the year. In the first quarter, the company took in Bt2.69 billion in revenues for a net profit of Bt8.63 million. It also plans to introduce new products to the market this year.
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