JRW Utilities Public Company Limited (JR) Wins Computer Trading Job and Installation of Network Communication System for MEA Electrical System Management

Suradej Uthairat, Deputy CEO of JRW Utilities Public Company Limited (JR), revealed that the company has been successful in its strategy to accelerate revenue recognition. Most recently, they signed a computer sales contract and installed a network communication system for managing the electrical system with the Metropolitan Electricity Authority, valued at 299,389,660 baht.

In the past, the company received a project to build a new electrical substation for Bangkok Rangsit University and Bangkok University, valued at 65,000,000 baht excluding VAT.

“We accept new project work continuously according to plan to accelerate revenue recognition faster, showing customer confidence in JR as a contractor with expertise in the business of installing electrical and ICT systems,” said Mr. Suradet. “We are currently prepared to participate in public and private sector bidding on an ongoing basis to add work in hand awaiting recognition of income (Backlog). Our current Backlog is approximately 8,630 million baht, and we expect it to be worth close to 10,000 million baht by the end of the year, recognizing income gradually during the next 2-3 years for strong and sustainable growth.”

For the trend of income in 2024, JR is confident that it will grow as planned, supported by government projects becoming more prominent and increased investment from the private sector, which is ready to support economic growth. The company’s focus on Quick Win projects will be a catalyst for faster revenue recognition, adding to income while still giving importance to the business of Oil and Gas, which has a variety of types of work, including Green Energy, creating income to grow quickly, consistently, and sustainably.