Assoc. Prof. Dr. Ekachidd Chungcharoen
Chairman of the Board
Mr. Boonchai Suwanvutthiwat
Chief Executive Officer
2021 was another year that Thailand and the rest of the world were forced to live with the continued spread of COVID-19. However, the preparations put forth by the government and the private sector, the acceleration of vaccine roll-out to all citizens, and the learning on the adaptation to cope with this situation, have contributed to improve the economic activities compared to the year before, though the overall outlook is still in a downturn phase.
The Company has continuously been monitoring the situation in terms of making preparations and coping with the crises in accordance with the business continuity plan, to ensure strategic execution as identified, risk management, strategic reviews that are conducted in a timely manner, continuous enhancement of staff members’ skills and abilities, as well as the improvement of the information system in the operations to accommodate the changing business environment. The revenue from sales and service provision was reported at 1,225.76 million Baht, increasing by 16.13%, with the net profit of 81.89 million Baht, increasing by 10.87% YoY, marking another year of record high operating performance and exceeding the target.
Apart from generating business growth, the Company is determined to observe the principle of governance and ensure transparent business operations with responsibility towards all stakeholders. In terms of governance, the Company has reviewed the addition of control measures on internal information utilization and securities trading. On caring for stakeholders during COVID-19, the Company has always emphasized on taking care of staff members, providing them with the required equipment to facilitate Working from Home without any interruptions, and stressing on safety and health of staff members and relevant parties. Hence, personal hygiene measures have been identified, with preventive equipment provided for, and staff members are encouraged to get vaccinated. Work processes have been improved to ensure effective service provision to customers, while community and social responsibility is also an integral part of our operations, whereby the Company continuously supplies preventive equipment to hospitals and several organizations, with the determination to ensure that business operations cover the economic, social and environmental dimensions in a sustainable manner, enabling the Company to get rated “excellent” in the governance assessment for the 7th consecutive year, and ranked in the Universe tier of the ESG100 securities in 2021 for the 2nd consecutive year, organized by Thaipat Institute.
In terms of the operational directions going forward, the Company is still determined to strive for sustainable growth. The pandemic has emphasized the need for the Company to actively adapt, change the strategic direction, improve work processes, human resources, enhance the competitive edge and enable business expansion opportunities to be able to respond to potential threats and rapidly changing business landscape and technology. The Board of Directors believe that the Company has sufficient potential to drive growth and create values for shareholders and all stakeholders in a sustainable manner.
On behalf of Phol Dhanya PCL’s Board of Directors, we would like to thank valued shareholders, customers, partners and all stakeholders for giving trust and support to the Company’s business execution all along. The gratitude should also be extended to the Board of Directors, the management and all staff members for being the key driving force behind the Company’s great success.