Mr. Chaiya Wonglappanich, Managing Director of Right Tunnelling Public Company Limited (SET: RT), revealed that in 2025, the company aims to grow its revenue by 20% from last year’s, which reached a total of THB 3.635 billion. Furthermore, RT plans to record a gross profit margin of approximately 14 – 15%, and a net profit margin of about 2 – 3% despite having a profit of THB 71.15 million in 2024.
RT plans to bid on several construction projects this year. The projects that the company interest and constantly follow are the road tunnel project (First phase) on Kathu – Pa Tong road at Phuket province, the train tunnel project on Pak Nam Pho – Den Chai railroad, the train tunnel project on Den Chai – Chiang Mai railroad, and the Metropolitan Electricity Authority’s underground power cable tunnel project that worth THB 13 billions. These projects will provide a great opportunity to the company to expand the work proportions and its growth.
Furthermore, RT also adjusted its business strategy by accepting more short-term work to book the revenue faster, improve liquidity, and manage the cash flow better. Currently, the company accepted 13 short-term projects, worth a total of THB 782 million.
Furthermore, there is also management planning in construction projects to control the cost more efficiently, especially in the cost for construction materials, labor, and the large purchase of construction material. The large purchase includes the direct purchase from foreign producers and the long-term trading contract with concrete producers. In addition, the purposes of this management are to control the cost, decrease the risk from fluctuations in raw material prices, and increase the company’s capability in generating the profit.
On December 31, 2024, RT had 22 backlog projects, worth THB 5.796 billion. 54% of these projects are tunnel projects, which are worth THB 3.134 billion. The revenue from these backlogs will be received until 2028. Furthermore, the work on these projects are moving according to the schedule, which some can process ahead of the plan. These fast processes are due to the cooperation from the government sector and the community.
Meanwhile, the fact that the company can repay the debenture (RT252A) and its interest of THB 709 million on 24 February improves the company’s credibility and liquidity efficiency for the continued growth.
