WIIK’s 2Q Profit Jumps Nearly 40 Folds to ฿28M, Holding a Backlog of over ฿1,060M!

WIIK Public Company Limited (WIIK) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

 

WIIK reported a jumping of 3,877% in net profit from 720,000 baht in 2Q19 to 28 million baht in 2Q20. The increase was due to the delivery of the backlog on hand and the increase of new sales that delivered in the quarter from projects in the Eastern Economic Corridor (ECC) and from the preparation of drought-related projects.

Moreover, WIIK stated that backlog as at 30 June 2020 increased from the Backlog as at 31 December 2019. During the first half of 2020, the company continuously got new orders from new projects. The clients are confident in the quality, production capacity, and expertise of the company. This resulted in more orders to the company. Currently, the company has over 1,064 million baht worth of backlog.