DTCENT’s Q3 2023 Profit Rises to Nearly 200%, GPS Tracking Revenue – Busy Government Work Opening 8 Service Centers: InfoQuest
Mr. Thotsapon Kunapersiri Managing Director and the President DTC Public Company Limited Enterprise (DTCENT) announced that the company achieved a net profit of 43.93 million baht in the 3rd quarter of 2023 (ended September 30, 2023), an increase of 196.82 % compared to the same period last year with net profit equal to 14.80 million baht and had a total income of 220.03 million baht, an increase of 41.85% compared to the same period last year with a total income of 155.11 million baht.
While for the 9-month period of 2023 there was a net profit of 83.71 million baht, an increase of 59.78% compared to the same period last year, there was a net profit of 52.39 million baht and total income of 558.63 million baht, an increase of 16.45% compared to the same period last year. A total of 479.72 million baht
The main factor that supports higher revenue and profits is sales and service revenue. Both with vehicle tracking systems (GPS tracking) and government projects.
“Results for the third quarter of this year: DTCENT continues to perform well. Reflects that the company is developing new technologies. that is always modern To meet the needs of today’s customers along with increasing work efficiency for various organizations And also GPS tracking systems for rent are becoming more and more popular among customers.”
Mr Thotsapon said
As far as business development in the fourth quarter of 2023 is concerned, there is still a good direction. By accelerating the opening of a service center for the sale, installation and maintenance of complete GPS tracking devices and car cameras. according to the country’s main provinces, with the aim of completing eight provinces this year. Currently, six locations have been opened including Bangkok, Chiang Mai, Udon Thani, Khon Kaen, Ayutthaya and Nakhon Sawan to reach more private car service users. In addition, in this period until the end of the year and the beginning of next year there will be travel. and return to their hometown at the end of the year. The demand for GPS tracking system services will also increase. It has a positive impact on the company. and these factors will help you achieve your goals. This year’s work can grow by 10-15% as planned.
At the same time, work on IoT solutions and AI systems supports the expansion of government projects. and various municipalities. Most recently, the company received orders for an AI system project to control water pumps. of the Department of Drainage Bangkok, while BAMS (Business Activity Management System) has already tested the service on its website and smartphone application. As far as the BIM (Building Information Modeling), EV platform and logistics demand supply matching platform systems are concerned, clarity is expected to emerge this year.
The investments in the ASEAN region involve the use of the GPS tracking system model and the IoT solution together with foreign partners. A contract was recently signed with the company. Sudapon Inbound-Outbound Trade and Services Co., Ltd. and PTL Holding Co., Ltd. jointly invest in the establishment of DTC Lao Co., Ltd. in the Lao People’s Democratic Republic, which is currently in the preparatory phase. Company registration
Working with business partners, including Yazaki Energy System Corporation (YES), the company plans to become a Tier 1 supplier for OEM work on GPS tracking and telematics devices for automotive manufacturers. Leading at home and abroad It may take some time to develop products together, and more clarity is expected to be achieved next year. Boonrawd Supply Chain Company Limited (BRS) is currently planning business operations together. In the area of data analysis and the development of new supply chain solutions products to reduce costs. Willing to expand income-generating channels This includes promoting greater efficiency in work within the company.
In addition, DTCENT, together with Boon Rawd Supply Chain Company, is exploring investments in core business-related companies. In the form of M&A in companies with continuously growing business activities. It is expected that there will be clarity over the next year.
By InfoQuest News Agency (Nov 13, ’23)
Tags: DTCENT, DTC Enterprise, Thotsapon Kunapersiri, Thai stocks
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