TWPC indicates continuous high order to support sales in 2021 to double digit growth as planned

BackAug 13, 2021

CEO Mr. Ho Ren Hua, Senior Advisor of CEO Mr. Umnad Sukprasongphol, Group CFO Ms. Orn-A-Nong Witchucharn and Head of Corporate Communication and Sustainability Ms. Ratinan Wongwatcharanon of Thai Wah Public Company Limited (TWPC) presented information supporting the overall operation and business plan of quarter 2/2021 to analysts and fund managers in an Analyst Meeting through online platform. Business operation of the company and its subsidiaries in quarter 2/2021 saw an increase in total revenue at 30% while the first 6 months of 2021 saw an increase in total revenue at 34% compared to the same period last year. Main supports are an increase in cassava starch export in accordance with higher demand and higher average price and container shortage issues recovery. Additionally, food business can still grow in every channel, supported by the government fiscal policy. Moreover, cassava productivity in the upcoming harvest season is expected to increase compared to last year which indicated the strong growth. The Company still confident the sales target this year at double digit growth. The event was held recently.