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Statement from the Chairman

British Prime Minister Winston Churchill once said: “The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty.” Because in year 2022, there were many important events. Especially in the international politics between Russia and Ukraine, directly and indirectly affects the global economy, making the Company’s business operations. It faces more significant and more severe challenges than the current situation of the coronavirus disease 2019 (COVID-19) pandemic. The Company was affected by the increase in raw material and energy costs due to such events.

Due to the changing context, the Company needs to adjust production, sales, marketing, and distribution channels. It aims to reduce the impact, maintain the performance to meet the goals, and be responsible for society, communities, and the environment. At the same time, the Company saw an opportunity for expansion and therefore invested in a project to expand the production capacity of concrete tiles with a production capacity of 100,000 tons per year, with an investment of 477 million baht.


For year 2022, the Company has revenue from sales of goods and services of 5,232.11 million baht. It compared to the year 2021 revenue of 4,815.47 million baht, an increase of 8.65 percent, resulting in an increase in net profit from 579.96 million baht in year 2021 to 642.15 million baht in year 2022 or an increase of 10.72 percent. It was due to the increase in revenue and the adjustment of impairment of investments in subsidiaries from the account, which was caused by the subsidiary’s continued good performance. As a result, net profit per share increased from 68 satangs in year 2021 to 75 satangs in year 2022 or an increase of 10.72 percent.

For the proud achievements of this year, the Company received various awards from the Stock Exchange of Thailand and other institutions, such as the Sustainable Stock Award or Thailand Sustainability Investment (“THSI”) for the sixth consecutive year and the ESG 100 received for the first time in year 2015 and continued in year 2019-2022, etc.

In this year, 2023, I would like to express my gratitude to the management and employees for their dedication to their duties and unyielding in the events that have led to the Company’s success. I wish everyone to overcome the crisis in year 2023 with good health in all respects.

Mr. Prakit Pradipasen
Chairman of the Board