SE Receives a Flood of Orders, Pushing the Company to Trade on the MAI.

#SE #Thailand – SE points out that the second half of the year has a bright business direction. Sweep orders into the port. Believed to support sales growth of 20% as targeted, showing backlog of 231.23 million baht, expected to gradually deliver around 196.41 million baht during the rest of the year, continuing to bid for new work. Prepared to submit filing to push the subsidiary to trade on the mai market at the end of 2022.

Mr. Kirk Leekasem, Deputy CEO of SiamEast Solutions Public Company Limited or SE, a leader in procurement and distribution. Ready to provide complete services regarding pump systems, production process equipment and piping systems, including materials. Innovation in the Eastern Region revealed that the direction of operating results in the second half of the year will normally grow more than the first half. Coming from various factories There will be repairs and improvements. For the whole year, the company aims for the average growth of all 4 business groups to be more continuous. from the number of customers who return and additional work that the company auctions Including new businesses Resulting in a large number of orders (orders) coming in.

** Performance grew 20%
while sales in 2022 the company believes will grow approximately 20% from the previous year. For the first half of the year, there was an income of 273.40 million baht and a net profit of 27.53 million baht. For the quarter 2/2022, the company had a net profit of 14.06 million baht, compared to the same period last year at 5.53 million baht, an increase of 8.53 million baht, or equivalent to growth. 154.25%, while total income was 135.23 million baht, compared to 126.10 million baht in the same period last year, an increase of 9.13 million baht, or equivalent to a growth of 7.24%.

This is because COVID-19 has moved to become an endemic disease. This allows customers to carry out factory repairs more normally. In addition to this, the company will recognize income from investments from Kessel (Thailand) Co., Ltd. or KESSEL, coming in for a full year and Utility Business Alliance Co., Ltd., or UBA, coming in continuously. This will result in a significant increase in the company’s growth this year.

**Bid for new work
In addition, in the second half of the year the company will prepare to sign contracts with new customers. About additional environmental protection packages, including new jobs Continuously coming in At the same time, the company has work on hand or backlog at 231.23 million baht. It will be gradually delivered in the second half of 2022, approximately 196.41 million baht. and see this year as a year of growth After the company adjusted its business strategy and bring modern technology and data into consideration Make decisions about selling products and support customer needs Including collaborating with partners to further strengthen the business.

Meanwhile, Utility Business Alliance Company Limited, a business operator providing integrated operation and maintenance services (Integrated Operation and Maintenance or IOM), along with services Consultation, design, construction, and installation of various machinery and equipment. according to customer needs To support integrated water management business

In addition, the company has prepared to submit a registration statement and draft prospectus (filing) to the Securities and Exchange Commission (SEC) in order to offer common shares to the general public for the first time ( IPO) on the Market for Alternative Investment (mai) at the end of the year. 2022 or early 2023

The company will use the proceeds from this securities offering to invest in developing an information system (Information System) to support business expansion. Used in research and development to create new products and services. Used to improve machinery Used to repay loans from financial institutions and use it as working capital for business operations.