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Pylon upbeat on profit growth

Pylon Plc expressed its confidence that the 2007 net profit would be close to the 2006 figures, despite the lower revenue in the first half of this year.

Chanet Sangarayakul, managing director of Pylon, said that the company should perform better in the second half when the private and public sectors are kicking off their stalled projects.

"We have also expanded to reach out to new clients. We're confident that from the third quarter onwards, we would have secured new projects and this will improve our performance," he said.

He also noted that this year construction works suffer less from floods than last year while the prices of concrete, fuel oil and steel are less fluctuating.

Its piling works backlog is worth Bt250 million and all would be realised this year. This would enable the company to reap the targeted revenue of about Bt400-Bt500 million this year.

"This is only about piling works. If we can bid for more projects for other services, our revenue would certainly exceed the target," Chanet noted.

- The Nation

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Pylon upbeat on profit growth

Pylon Plc expressed its confidence that the 2007 net profit would be close to the 2006 figures, despite the lower revenue in the first half of this year.

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