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Thailand: Star Sanitaryware makes revenue forecast.
(From Thai Press Reports)
Section: Corporate News - Star Sanitaryware Plc forecasts that its revenue will grow by 15-25% this year from 285 million baht in 2004, thanks to robust export sales, the Bangkok Post.
"Our growth prospects remain bright and sanitaryware sales will continue to grow, especially in the second half. Opportunities to export more sanitaryware are very positive," president Somchai Wongaroon said yesterday.
In addition to strong expected revenue growth, Star says it enjoys higher margins compared with other players in the industry. This year, it projects a gross profit margin of 49% and a net margin of 19.27%.
Last year …
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