ADB Q2 profit soars 314%, growing all plastic businesses selling well

Thunhoon – ADB signaled a bright direction for the 1st quarter of 2014, growing all business groups. Plastic pellets, compounded wires, supported by government projects Stock up on ADB, showing Q2 profit of 36.26 million baht, growing 313.9%, setting up a subsidiary to penetrate bio-products

ADB shares jump 17% after management expects first-half performance to outperform targets. As medical plastics benefit from COVID-19 Currently, the production capacity is almost 100%, hinting that it is in the process of negotiating with Japanese partners to expand the business.

Thunhoon – ADB showed a half-year performance, sweeping profits into the port of 66.69 million baht, similar to the previous year at 69.66 million baht, while the 2Q21 profit soared 314.29% to 36.25 million baht, gaining 27.50 million baht in money for the female generals ” Pornpiwan Niramoncherdchay” indicates that profits are growing in every business. Ready to signal the second half of the year after the construction sector has recovered, keep an eye on the volume of PVC orders, hinting at the influx of medical plastic pellets Recently set up a bio-company to support the new world.

Ms. Pornpiwan Niramoncherdchay, Managing Director of Applied DB Public Company Limited or ADB, is a manufacturer and distributor of plastic compound products. industrial glue And sealants revealed that the results of the 2nd quarter of the year.

Show profits for the first half of the year

As for the first six months of 1911, the company had a net profit of 66.69 million baht, an increase of 43.06 million baht or a growth of 182.23% from the same period last year of 23.63 million baht. Profit margin growth in all business segments Since the second half of 2020, especially in the group of plastic pellets, from the demand for products for the production of large wires and cables in the public utilities sector.

As for the direction of the second half of 2021, we still have to closely monitor the Covid-19 situation because of the Covid-19. This cycle has affected many sectors. especially the construction sector which announced the closure of the construction camp for 1 month, causing the company to be unable to deliver PVC compound PVC (PVC Compound) from the wire group Utilities and contractors

At the same time, the total number of orders (orders) decreased somewhat. according to the construction sector in the country but the order amount PVC wiring is not shrunk much. From normal orders, about 70-80 million baht, while in July And in August, there are orders of about 50-60 million baht. The company estimates the direction of the orders will not decrease below this.

sweep more orders

However, the company expects the trend of orders to increase around the end of the 3rd quarter to the beginning of the 4th quarter because it is the next fiscal year. In addition, construction customers will order products in advance. Therefore, it is expected to see a clearer picture of the order quantity from the end of the 3rd quarter onwards.

At the same time, the company sees the outlook for the second half of the year 2021 will continue to be good from the first half. which, if looking at the operating results The company’s revenues and profits are better than expected. And the company is confident that total revenue will increase at least 10% or reach 1.5-1.6 billion baht in revenue from 2020, which was 1.38 billion baht, even though each quarter has obstacles. But the company will try to drive growth to meet the goals. Currently, the company uses about 80% of the production capacity, which is expected to be enough for incoming orders.

and in addition to PVC Compound products, cable groups, and construction sectors Another product that has driven the growth is Medical Grade PVC Compound, which is a plastic resin used in the medical device industry such as blood bags, medical gloves, syringes. have a good growth rate In addition, there are continuous orders coming in.

The Board of Directors has approved the establishment of a new subsidiary in the name of ADB Bio Company Limited to operate the business of producing and distributing biological products. which the establishment of this subsidiary To provide biodegradable raw materials and semi-finished products that can replace traditional plastic. to support the development of production and distribution of biological products, with ADB holding 99.97% stake.