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CCP warns of slower profit growth: But sales projected at a healthy 42%.
Byline: Busrin Treerapongpichit
Mar. 2--Chonburi Concrete Products Plc (CCP) expected its operating profit would grow only slightly this year due to a higher administrative cost despite satisfactory 42 percent sales growth projected for the year, according to deputy managing director Chakrit Theepakornsukkasem.
SET-listed CCP reported a net profit of 118.9 million baht for last year, down from the 146.2 million of the year before, which the company noted included an extraordinary gain of 23.4 million baht.
Revenue rose 54.5 percent to 1.96 billion baht from the year before, thanks largely to expanded production capacity and product lines to ...
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Source: HighBeam Research, CCP warns of slower profit growth: But sales projected at a healthy...