Post by account_disabled on Dec 28, 2023 2:47:24 GMT -5
Manage sales and administrative costs furniture business Adjust the distribution structure Focus on effective channels Expand new customer base both domestically and abroad. Ready to develop new products to boost sales in the energy business Continue to study and invest in projects that provide high returns. Create continuous growth, Mr. Arak Suksawat, Managing Director of East Coast Furnitech Public Company Limited (ECF), manufacturer and distributor Particleboard furniture Rubber wood furniture Sold both domestically and abroad. Revealing this year's business overview that The company focuses on creating growth from the furniture and energy businesses. The target is for total income to grow not less than 10-15%, adjusting the plan to aim to increase the net profit margin not less than 4-5%. The supporting factor for growth comes from the market expansion of the furniture business.
And recognition of profit sharing from the renewable energy Industry Email List business This year will see the recognition of profit sharing more clearly. In addition, the company has plans to manage costs efficiently. To reduce costs and expenses In addition, control expenses for studying feasibility in businesses other than furniture. It is expected that we will begin to see the proportion of net profit gradually increase from various businesses this year. For the company's operational plan this year. The furniture business has shown signs of significant growth. From selling furniture to exports abroad Focusing on expanding the market to new customer groups in Japan, India, the Middle East and China, which are considered major customers. that has the potential to create opportunities for continuous growth in future furniture orders Currently, the company has product orders that are expected to grow continuously in 2020, and there are also several large potential customers under negotiation. while the domestic market The company plans to adjust the distribution structure.
Focus on stimulating sales in new distribution channels effective methods, such as through leading modern trade stores with branches throughout the country Recently, two more distribution channels through modern trade stores have been added, each of which has opportunities for growth through continued branch expansion as well. In addition, it has begun to launch new products for sale in the form of construction equipment that uses raw materials from rubber wood. To sell to contractor customers who undertake installation work for many large real estate developers in the country. The company tries to maintain the proportion of income from foreign sales at 55% and domestic at 45% for the energy business. replace This year will see the recognition of profit sharing more clearly. In the past, revenue was realized from a 7.5 MW southern biomass power plant, while a 220 MW solar power plant in Minbu, Myanmar, in the first phase (50 MW), was able to sell commercial electricity COD. and begin to recognize the first installment of profit sharing in full in the 4th quarter of 2019. Phases 2, 3, and 4 are currently being planned for construction to be completed as soon as possible.
And recognition of profit sharing from the renewable energy Industry Email List business This year will see the recognition of profit sharing more clearly. In addition, the company has plans to manage costs efficiently. To reduce costs and expenses In addition, control expenses for studying feasibility in businesses other than furniture. It is expected that we will begin to see the proportion of net profit gradually increase from various businesses this year. For the company's operational plan this year. The furniture business has shown signs of significant growth. From selling furniture to exports abroad Focusing on expanding the market to new customer groups in Japan, India, the Middle East and China, which are considered major customers. that has the potential to create opportunities for continuous growth in future furniture orders Currently, the company has product orders that are expected to grow continuously in 2020, and there are also several large potential customers under negotiation. while the domestic market The company plans to adjust the distribution structure.
Focus on stimulating sales in new distribution channels effective methods, such as through leading modern trade stores with branches throughout the country Recently, two more distribution channels through modern trade stores have been added, each of which has opportunities for growth through continued branch expansion as well. In addition, it has begun to launch new products for sale in the form of construction equipment that uses raw materials from rubber wood. To sell to contractor customers who undertake installation work for many large real estate developers in the country. The company tries to maintain the proportion of income from foreign sales at 55% and domestic at 45% for the energy business. replace This year will see the recognition of profit sharing more clearly. In the past, revenue was realized from a 7.5 MW southern biomass power plant, while a 220 MW solar power plant in Minbu, Myanmar, in the first phase (50 MW), was able to sell commercial electricity COD. and begin to recognize the first installment of profit sharing in full in the 4th quarter of 2019. Phases 2, 3, and 4 are currently being planned for construction to be completed as soon as possible.