Infraset Public Company Limited (mai: INSET) will step up from the Market of Alternative Investment (mai) to trade in the Stock Exchange of Thailand Index (SET Index) on March 11, 2022, under technology Information & Communication sector, technology industry.
INSET operates in the business of construction, installation, maintenance and service contractor for data center, ICT infrastructure and telecommunications infrastructure.
The company reported a net profit of 170 million baht in 2021, increased 25% from a net profit of 135 million baht in 2020 with a net profit margin of 12.95%, increased from 9.01%. Despite a decrease in revenue in 2021, the increase in net profit was mainly due to the reduction of project cost estimates to reflect actual costs for projects that were delivered over 90% or completed. In 2021, INSET reduced costs of 2 major projects, namely the USO II project and the CAT Filter project due to the closure of the project. As a result, the company’s gross profit margin was 20.99%, increased from 15.54% in 2020.