Post by account_disabled on Dec 24, 2023 8:49:41 GMT
PIMO shows beautiful Q3/20 budget, profits grow almost 3 times, production orders for swimming pool motors are full. It lasts until the end of the year. The United States disqualified GSP is not affected. PIMO performed as expected!! Showing a beautiful Q3/20 budget, profits grew almost 3 times to 32.23 million baht, an increase of 157.84% from the same period last year, making 12.50 million baht, benefiting from motor production orders. The swimming pool is full until the end of the year. The United States announced the termination of G's rights. SP Thai at the end of this year confirms that there will be no impact on the business. As for the full year revenue target, it is expected to be more than 700 million baht, sending the sales team to move forward to increase the new customer base. Mr. Wasan Itthirojanakul, Managing Director of Pioneer Motor Public Company Limited, PIMO , main business operator includes Electric air conditioning motors ( Air Conditioning Motor), motors used in general industry ( Induction Motor), water pumps, centrifugal pumps, motors for swimming pools. Motors for home pumps ( Submersible Pump, Pool Spa Pump and Home Pump) revealed that operating results in the 3rd quarter of 2020 had total income of 239.91 million baht, an increase of 61.08 million baht or 34.16% compared to the same period last year.
Before making 178.83 million baht and having a net profit of 32.23 million baht, an increase of 19.73 million baht or 157.84% compared to the same period last year that made 12.50 million baht. For the first 9 months of 2020 , total income was 587.72 million baht, an increase of 74.23 million baht or 14.46% compared to the same period last year of 513.49 million baht and net profit of 62.72 million baht, an increase of 41.15 million. baht or 190.77% compared to the same period Last year's amount was 22.75 million baht. Due to Telegram Number Data product demand Swimming pool motor that is important going out to customers International sales continue to increase, along with the company's recent orders. The next group has already filled in until the end of the year. In addition, efficiency has been increased. Picture of profitability including cost management cost control Develop innovation in production as well. “The quality of PIMO swimming pool motors is considered to be at the top level. When comparing with our competitors, we do not lose to them. Another thing is the water pump motor. When going to put it in the customer's brand It will be the customer's brand, not our brand, which we call OEM. The person who buys it will be a large person.
When he was a big man, he had to select and have a variety of measures for inspecting motors . Various tests were also required. It is a wall that blocks competitors in terms of quality,” Mr. Wasan said. As for the trend of operating results in the period The rest of this year's bands are expected to grow. Company's growth will be in the same direction Development of innovations used For producing more quality products, with total revenue expected to be 700 million baht or more. Increased approximately 5-10% and continued to grow in 2021 because of main supporting factors including 1. New product, namely the development of a swimming pool motor. that has invested and developed to increase the size to 2.8 horsepower for export to distribute Distributors in the national market and centrifugal water pumps, sizes 1 and 1.5 horsepower . 2. Orders from customers All large traders within the country and abroad 3. Existing customers abroad Order production of new products For air conditioners ( BLDC HVAC MOTOR) increased and 4. Expanding the production capacity of variable speed motors (BLDC) increased according to the needs of customers. The trend is continuously increasing. Due to the law enforcing the A variable speed motor ( BLDC) inside the swimming pool in the United States next year.
Before making 178.83 million baht and having a net profit of 32.23 million baht, an increase of 19.73 million baht or 157.84% compared to the same period last year that made 12.50 million baht. For the first 9 months of 2020 , total income was 587.72 million baht, an increase of 74.23 million baht or 14.46% compared to the same period last year of 513.49 million baht and net profit of 62.72 million baht, an increase of 41.15 million. baht or 190.77% compared to the same period Last year's amount was 22.75 million baht. Due to Telegram Number Data product demand Swimming pool motor that is important going out to customers International sales continue to increase, along with the company's recent orders. The next group has already filled in until the end of the year. In addition, efficiency has been increased. Picture of profitability including cost management cost control Develop innovation in production as well. “The quality of PIMO swimming pool motors is considered to be at the top level. When comparing with our competitors, we do not lose to them. Another thing is the water pump motor. When going to put it in the customer's brand It will be the customer's brand, not our brand, which we call OEM. The person who buys it will be a large person.
When he was a big man, he had to select and have a variety of measures for inspecting motors . Various tests were also required. It is a wall that blocks competitors in terms of quality,” Mr. Wasan said. As for the trend of operating results in the period The rest of this year's bands are expected to grow. Company's growth will be in the same direction Development of innovations used For producing more quality products, with total revenue expected to be 700 million baht or more. Increased approximately 5-10% and continued to grow in 2021 because of main supporting factors including 1. New product, namely the development of a swimming pool motor. that has invested and developed to increase the size to 2.8 horsepower for export to distribute Distributors in the national market and centrifugal water pumps, sizes 1 and 1.5 horsepower . 2. Orders from customers All large traders within the country and abroad 3. Existing customers abroad Order production of new products For air conditioners ( BLDC HVAC MOTOR) increased and 4. Expanding the production capacity of variable speed motors (BLDC) increased according to the needs of customers. The trend is continuously increasing. Due to the law enforcing the A variable speed motor ( BLDC) inside the swimming pool in the United States next year.