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Published on September 5, 2007

Managing director Chanet Sangarayakul said the clearer political picture would boost the number of both government and private construction projects in the remaining months of the year.

The company's first-half net profit fell to Bt9.72 million after reaching Bt16.77 million in the same period last year. Its net profit for all of last year was Bt18.06 million.

"There were only a few building projects in the first six months of this year, particularly foundation work. Most government projects have been delayed, while private-sector construction projects have also slowed down," he said. "I believe the clear date for the upcoming general election will allow bidding to start for many big government projects, and many private-sector projects will follow suit. Pylon is ready to take those jobs."

The firm's margin from foundation work this year will be better than last year's, because there has been no flooding, and prices of raw materials, including steel, oil and concrete, have stabilised, he said.

Pylon's has a Bt250-million backlog, almost all of which will be realised this year, Chanet said. The backlog will allow the company

to reach this year's sales-

revenue target of Bt400 million to Bt500 million, excluding revenue from new sources.

"For instance, the company is awaiting the outcome of an auction to build a prefabricated-concrete system. If we win this project, some of the revenue will be booked this year and lift our sales revenue above the target," he said.

The Nation