Mr. Wichan Jitphakdi, Chief Executive Officer SCG Packaging or SCGP Reveals that the outlook for the second quarter of 2022 is expected to grow in revenue and profit for sure compared to the same period last year. And continues to grow from the first quarter of this year with revenue of 36,634 million baht, an increase of 34% and a net profit of 1,658 million baht, a decrease of 22% from the same period last year.
As for the growth factor in the second quarter of 2022, the demand for packaging in Thailand and the ASEAN region gradually recovered because the governments of each country relaxed the measures to control the COVID-19. and open up more countries which Thailand is preparing to open the country on May 1, resulting in increased travel, production and consumption.
At the same time, it will continue to realize revenue from building joint growth with business partners (Merger and Partnership (M&P) of Duy Tan, Intan Group and Deltala on an ongoing basis. Efficient and prudent investment
as well as having a strategy to add product solutions for customers to be able to adjust the selling price. make sure This will reduce the impact from energy prices and raw material costs during the rest of this year that are expected to remain stable at a high level ifRussia-Ukraine situationcan still be prolonged
Wichan said that the situation of lockdown in some cities in China due to the spread of the coronavirus It is a risk factor that still needs to be monitored. But I believe that in the past, the Chinese government has adapted quickly and has good management services. The Chinese economy is expected to return in the second half of this year.
For this year, we still have a target of more than 140 billion baht in revenue, moving forward with 3 strategies to expand our business continuously. 1. Build a strong business model Both B2B2C and B2C offer customized solutions. 2. Focus on continuous growth in both the Asian region and other regions with opportunities to grow both internally and M&P by preparing investments for M&P at 5,000-10 billion baht from this year’s total investment budget of 20 billion baht
3. Expand the growth and development of downstream businesses to develop and access high-value product market opportunities Build a strong business in breadth and depth. Recently started experimentinggrow hempIn the area of Sangkhaburi District, Kanchanaburi Province, 1 plot of 200-250 trees is in the process of preliminary study. The flowers are expected to be harvested within May-June.
with the intention of developing and creating species that are suitable for the climate of Thailand and developmenthempto the midstream business and downstream business For commercial product development or not? studying the possibility
