“SKY” reported its Q4/2021 results with total revenue of THB 3,007 million with a strong backlog of THB 17,216 million, maintaining its strength amid COVID-19.
SKY ICT Public Company Limited or SKY, announced its Q4/2021 result with total revenue of THB 3,007 million with high confidence in its strong backlog of THB 17,216 million, maintaining its strength amid COVID-19 after moving forward to invade the private sector, raising its flagship “TOSSAKAN” to penetrate the Smart Security Platform market, preparing to reveal business plans to enhance stability within the first quarter of 2022.
Mr. Sithidej Mayalarp, Chief Executive Officer of SKY ICT Public Company Limited or SKY, a leading provider of Digital Platform and AI Solutions in Thailand, revealed that from the results of the end of 2021 (Jan-Dec, 2021). The company has a total revenue of THB 3,007.84 million, and a net profit of THB 55.20 million, considered to be able to maintain its strength of the company amid the pressure from the COVID-19, the still needs to continuously monitor the situation.
One of the reasons that the company was able to maintain its strength is because the company can still deliver both the distribution and installation of the integrated system as well as the service at the same time. The Company has expanded its Digital Platform business to increase revenue generation opportunities in new sectors by building on the group’s expertise in security management and developing a Smart Security Platform for 7 verticals under the name “TOSSAKAN”, which is a flagship product to fully expand into the private market. According to the revenue distribution plan and creating long-term growth for the company, this overview also allows the company to maintain a profitable operating position. Despite the project to provide an Advanced Passenger Processing System (APPS) that has been affected by the COVID-19 situation.
Mr. Sithidej said that for the operating situation in the first quarter of 2022, the company continued to recognize revenue from various projects from the year 2021. At the same time, the company plans to strengthen and increase revenue opportunities by bringing technological expertise and artificial intelligence (AI) to various intelligent technologies and extending Digital Platform products to work more efficiently.
“The demand for technology in business operations in both the public and private sectors continues to increase gradually from the business transformation of various organizations both inside and outside the technology industry. SKY, as one of the leading companies in Digital Platforms and AI Solutions, has a mission to create new solutions, powered by AI and intelligent technology to create opportunities for growth in the New S-Curve which will improve the quality of life of Thai people and connect to the Tech Ecosystem of Thailand to be more complete,” said Mr. Sithidej.
At the end of 2021, the company has entered into a contract and has a backlog of approximately THB 17,216 million, which will start witnessing a growth of at least 15% from fiscal 2022 onwards.