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| • EXCH RATES |
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Baht/$ 33.08/12
Bid/Ask
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GOLD |
13,650
- 250
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AUTO PARTS
CHADAMAS CHINMANEEVONG
T. Krungthai Industries (TKT), a SET-listed automotive and electrical appliance parts manufacturer, sees revenues rising to at least one billion baht this year, notwithstanding the slowdown in economic growth due to rising inflation.
Chumpol Techakraisri, the assistant managing director of TKT, said the company would maintain its sales targets this year in expectation of continued growth in the automobile and parts sector.
According to the Thailand Automotive Institute, vehicle production in the first four months of the year totalled 464,258 units, with exports of 163,354 units and domestic sales making up the rest.
TKT posted 2007 profits of 26.13 million baht on revenues of 889.28 million. Its first-quarter profits this year totalled 13.46 million baht on revenues of 274.21 million, down from profits of 4.08 million baht on revenues of 199.35 million baht in the same period last year.
Mr Chumpol said the company had a one-billion-baht backlog of orders now and new orders worth another 50 million starting in the second half.
Auto parts sales account for 62% of total sales, with electrical appliances contributing 30.8% and industrial moulds another 4.9%.
Mr Chumpol said the company aimed to keep its gross profit margin above 18% this year through efficiency improvements and cost controls.
He said the company was budgeting 50 million baht for machinery upgrades and maintenance this year.
Utilisation in March for its parts production line was 82%, with 50% utilisation for its moulds.
Mould sales were projected to pick up in the second half of the year thanks to new motorcycle parts orders.
Shares of TKT closed yesterday on the SET at 1.49 baht, down two satang, in thin trade.
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