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UREKA shows profit in Q3/64, turning a loss into a profit, growing 206.52%, revenue soaring 1,550%, confident this year’s turnaround

Ms. Sunisa Chirawutkul, Chief Executive Officer of Eureka Design Public Company Limited or UREKA, revealed that the overall operating results for the 3rd quarter of 2021 The net profit was at 22.19 million baht, an increase of 206.52% from the same period last year with a loss of 20.83 million baht, while the total revenue was 75.08 million baht, an increase of 1,550 % from the same period last year with total revenue. equal to 4.55 million baht

Factors contributing to the increase in net profits are due to The Company has recognized revenue from project work, revenue from engineering design. and income from the sale of agricultural machinery Including the revenue from the sale of CCTV cameras that have continuously increased. After the CCTV sales strategy has been adjusted from the original to selling in BTC only, the distribution method will be expanded to B2B and B2G, which will help increase revenue.

At the same time, the company has restructured within the organization. making it possible to save costs It supports increased profitability as well. Therefore confident that even if faced with the situation of the Covid-19 crisis But it can certainly drive further growth.

“In the past, the company has restructured the organization. and management to have more potential and has plans to look for new investments to fill and drive growth by leaps and bounds It is expected to begin to see clarity in the second half of this year. Especially during the 4th quarter of 2021, the company will start to recognize revenue from the tap water business for the first time. and believe that revenue from the water supply project will be in the form of recurring income, helping to create sustainable growth.”

Chief Executive Officer Discussing the results of the year 2021 The direction of recovery is clearly expected. by entering the turn-around mode Consequences from the investment in holding shares in the company A.P.W. International Company Limited (APW), a company with potential and has a consistent good growth prospect From the audited financial statements for the 6-month period of 2021, the total revenue was 75.88 million baht and the net profit was 31.07 million baht, while in the third quarter of 2021, there was still more growth. The approval to invest (APW) will help support UREKA’s performance to grow exponentially in the future.

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