RT Expects Continuous Growth in 1Q, Acquiring 13 New Projects to Top Backlog to ฿4.2Bn

Right Tunnelling Public Company Limited (RT) revealed that the company has acquired 13 projects in 1Q21 worth 688 million baht, including drainage systems, underground highway wiring systems and others to top its backlog to 4,240 million baht.

 

The company expected its earnings in 2021 to continue reaching a record high with more than 20% growth around 3,600 million baht, while the GPM is expected to maintain not less than 15-20%.

Moreover, RT stated that the company continues to bid for more projects this year, which would add up to its backlog to reach 7,000 million baht at the end of the year, an increase from 3,600 million baht in 2020.

RT has revenue contribution from domestic works at 95.5% and overseas at 4.5%.

 

The share price of RT rose ฿0.04/share or 1.65% to ฿2.46/share as of 12:12 local time in Thailand on Monday with a trading value of 58.3 million baht.