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Italian-Thai Development Predicts Huge Revenue Increase.
Byline: Busrin Treerapongpichit
Mar. 4--Italian-Thai Development Plc expects its revenue to increase to 25 billion baht this year, up from 18 billion last year.
Premchai Karnasuta, the company's president, said that the increased revenue would come mostly from successful bids on both local and overseas projects.
In particular, the construction giant expected handsome returns from the government's infrastructure projects.
ITD yesterday announced a capital increase worth 855 million baht through the issue of 855 million new shares at one baht par value. It also plans to issue bonds worth up to five billion baht and will also split the ...
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