SKY ICT Public Company Limited (SET: SKY) has been added to the SET100 index for the period of the second half of 2024 (July 1 – December 31, 2024), which would put the company in a good position to acquire more inflow through investment funds.
SKY is a leading technology service provider in Thailand, specializing in aviation technology, intelligent security, and digital platforms. The company is committed to delivering innovative solutions that enhance the aviation industry, improve quality of life, and provide superior travel experiences for passengers through integrated systems, applications, security, and airport facilitation services.
The company reported a net profit of 118 million baht in 1Q24, increased 41.68% from a net profit of 83.89 million baht in 1Q23. The increase was a result from the service revenue of the Advance Passenger Processing System (APPS) and Passenger Name Record (PNR) project. International passenger service through the APPS and PNR systems has continuously increased from the previous year. The cumulative number of passengers for 3-months of 2024 was 18.91 million, an increase of 4.32 million compared to the previous year. The company also has recognized the income from maintenance service after delivered work in 2023.
As of 1Q24, SKY Group has secured new contracts and has a robust backlog worth approximately 22 billion baht, expected to generate revenue over the next 6-7 years.
Mr. Sithidej Mayalarp, CEO of SKY ICT Public Company Limited or SKY Group, stated in May this year that for 2Q24, SKY Group will continue its focus on developing and innovating aviation technology projects, as well as expanding its business structure to support the growth of each business segment. Metthier Company Limited will focus on smart facility management for medium to large-scale projects, enhancing efficiency in security and cleaning management. Pro Inside Public Company Limited will handle government IT solution projects, preparing for an IPO of 140 million shares, aiming to raise funds by the end of the year.
“SKY Group is continuously seeking new investment opportunities in high-potential businesses, enhancing our technology and workforce to meet new challenges and opportunities. We are confident that our company will continue to grow steadily in the future,” said Mr. Sithidej.
