RT Jumps 6% with a Backlog of ฿3.2Bn to Recognize throughout 2023
The share price of RT rose as much as 7.81% as the company booked 3.2 billion baht of backlog to recognize throughout 2023.
The share price of Right Tunnelling Public Company Limited (RT) closed the morning session at ฿2.72/share, increased ฿0.16/share or 6.25% with a trading value of 362 million baht.
The share price rose as much as ฿0.20/share or 7.81% to ฿2.76/share earlier this morning. The surge might be due to the report of RT
Mr. Chawalit Tanomtin, Chief Executive Officer of RT, stated that the revenue recognition of the company is progressing as planned. In 2Q21, RT acquired three projects with a total value of 581 million baht, while two other projects are in a process of considering the bidding results. The two projects are worth 619 million baht.
Moreover, Mr. Tanomtin added that the company aims to acquire more projects from the government sector. As of the end of 1Q21, the company has 3,213 million baht of backlog, which will be recognized throughout 2021-2023, pushing RT’s revenue to grow 20%.
