Construction Pre-Built has upped its 2012 revenue target from Bt3.7 billion to Bt4 billion, because of high demand for construction work during a quicker-than-expected recovery from the severe floods of late last year.
Vice chairman and chief executive officer Chairat Thamphira yesterday said the company expected to realise revenue of Bt3.25 billion this year, as part of its estimated backlog of Bt5.1 billion.
In addition, it expects to get more construction work, accounting for another Bt1.4 billion this year.
Most of the revenue is from condominium construction both in Bangkok and upcountry.
He said the company had already been awarded construction work worth Bt3.6 billion, and expected to be awarded additional contracts amounting to Bt1.6 billion by the end of the year.
The main reasons for the increased level of work are the Kingdom's economic expansion, the property sector's recovery and a shortage of labour in the construction sector.
Chairat said the three subsidiaries of Construction Pre-Built - Built Land, PCM Construction Materials and Built Heart - would, however, each maintain their revenue targets for the year.
Built Land, a developer of property for sale, targets revenue of Bt590 million, driven by three of its five residential projects under the Tempo brand, namely Tempo Ruamrudee, Tempo Phaholyothin and Tempo Town Rattanathibet.
PCM Construction Materials, a producer and distributor of precast concrete and other building materials, expects sales of Bt480 million, while Built Heart, a project management firm, expects to enjoy revenue of Bt1.47 million.
Wirot Jaroentra, managing director of Construction Pre-Built, said that as labourers were in short supply, the company had decided to make greater use of technology to compensate.
The government's Bt300 daily minimum wage has had little impact on the company's business, as it was already hiring at such a wage level, Wirot added.