Peerapat Technology Expects Impressive Growth in Q3 2023
By [Journalist’s Name]
The CEO of Peerapat Technology Public Company Limited (PRAPAT), Mr. Weerapong Luesakul, has announced that the company’s operating results for the third quarter of 2023 are projected to show significant growth in alignment with their goals. In the first six months of this year, PRAPAT achieved an income of 527.64 million baht, with a net profit of 25.52 million baht, surpassing the total profit for the entire year of 2022.
Furthermore, with the second half of the year experiencing favorable growth trends as a result of the high season, PRAPAT anticipates its operating results for 2023 to reach new heights. These results are expected to surpass the growth seen in 2019, pre-dating the COVID-19 pandemic, due to the recovery of the tourism sector and government measures aimed at stimulating the tourism economy. Notably, the approval of free temporary visas for Chinese and Kazakhstan tourists for a five-month period has played a significant role in attracting more tourists from both countries to Thailand.
PRAPAT aims to capitalize on the upcoming tourist season, expecting to welcome 28 million foreign tourists in the last quarter of 2023, in line with the government’s annual target. Mr. Weerapong stated, “The government’s tourism stimulation measures have resulted in an increase in orders for cleaning products, floor cleaning machines, and automatic container washing machines from PRAPAT’s customers in the hotel business group, restaurants, and cafes. This factor is expected to drive a 10-15% growth in income for this year.”
Looking ahead to the business plan for the fourth quarter of 2023, PRAPAT’s first overseas subsidiary, “Phu Quoc Hotel Supplies,” is making preparations to open a showroom and warehouse on Vietnam’s Phu Quoc Island in December 2023. The showroom will offer services and sell equipment, machinery, and cleaning products that meet international standards for the hospitality industry. Additionally, the Phuket Business Center showroom will undergo renovations to support tourism growth. These strategic measures are expected to contribute to the company’s growth in the latter part of 2023.
By [Journalist’s Name]
Tags: PRAPAT, Peerapat Technology, Weerapong Luesakul
Stock news 2:01 pm 2023-09-18
Mr. Weerapong Luesakul, CEO of Peerapat Technology Public Company Limited (PRAPAT), disclosed that the operating results of the 3rd quarter of 2023 are likely to grow impressively in line with the company’s goals. The 6 months operating results For the first time in 2023, the company had an income of 527.64 million baht and a net profit of 25.52 million baht. The company was able to make a profit in the first 6 months which was already more than the profit for the whole year 2022.
And the second half of the year has excellent growth trends because it is the high season, helping to support the results at the peak end of the curve. Therefore, it is expected that the company’s 2023 operating results will return to a new high again, being able to generate record income and profit growth better than 2019, which is the year before the COVID-19 situation occurred. This is a result of the recovery of the tourism sector and related businesses. Including government measures to stimulate the economic system of tourism. In particular, approval of free temporary visas for Chinese and Kazakhstan tourists for 5 months.
Facilitating and encouraging more tourists from both countries to travel to Thailand. Ready to push the number of foreign tourists in the last quarter of 2023, which is the tourist season, to reach 28 million people in line with the government’s target for the whole year.
“The measures to stimulate tourism Settha 1 government make PRAPAT customers in the hotel business group Restaurants and cafes There is an order for cleaning products. floor cleaning machine and automatic container washing machines continue to increase. This is considered a factor that will drive this year’s income to grow. 10-15% according to the target set,” said Mr Weerapong.
Regarding the business plan for 4Q23, “Phu Quoc Hotel Supplies”, PRAPAT’s first overseas subsidiary, is preparing to open a showroom and warehouse. Providing services and selling equipment, machinery and cleaning products that meet international standards for service-related industries. (Hospitality) on Vietnam’s Phu Quoc Island Officially in December 2023 and renovate the Phuket Business Center showroom. Support tourism growth and trends. This is considered a factor that helps support the growth of the business in the latter part of 2023 in accordance with the specified strategy.
By InfoQuest News Agency (18 Sep ’23)
Tags: PRAPAT , Peerapat Technology , Weerapong Luesakul
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