Page 8 - Anual report STi 2022_eng

Message from Chief Executive Officer

In the year 2022, it was the year that many sectors
expected that the Thai economy would have recovered from

the COVID-19 epidemic situation which has subsided from

time to time. Later, at the beginning of the year, there occurred
the Omicron mutation of COVID-19 virus and the volatility of

the global economic slowdown in the second half of the year,
which partly was affected by the situation of the Russian -

Ukrainian conflict and the rapidly increased interest rates to
solve the problems of inflation. As a result, the price of oil

and consumer goods increased, and China's control measures

for coronavirus disease 2019 (COVID-19) resulted that the Mr. Somkiat Silawatanawong
world's production and transportation activities slowing down. Chief Executive Officer

Household and business incomes grew at a slower pace, work process has been adjusted by using information
inconsistent with rising expenditures. In addition, the financial technology systems to help reduce the work process in all

cost tends to increase due to the adjusted interest rate departments to ensure that the operation has been
according to the policy of the Bank of Thailand. However, uninterrupted. In addition, various projects which once slowed

in the real estate sector, there is still movement and tends to down the construction have gradually resumed their operations
expand continuously in the second half of the year; namely continuously, including being exposed to the opportunity and

the opening of a new residence, and new housing sales in trust for new projects from both the public and private sectors
many places have attained increasing closing sales noticeably. that the Group has undertaken as a construction management

As a result of the aforementioned volatility which is consultant, including design and infrastructure work such as

considered a risk factor both domestically and internationally the construction of the government complex of the Ministry
that the group of companies must have closely monitored of Interior, hospitals, multipurpose buildings such as Queen

and assessed the situation, combined with the monitoring of Sirikit National Convention Center, The Aspen Tree@Forestias

the COVID-19 situation, although the severity has decreased Condominium, MRT Southern Purple Line Project Tao Poon
and control measures have been relaxed, the Group continues - Rat Burana, and many infrastructure works, etc. As a result,

to operate with caution and support various situations to make the operations of the Group in the year 2022 had a total
sure that the performance runs smoothly and has not been service income of approximately 1,700 million baht, which

significantly affected. In addition, the real estate sector has has grown continuously, and complemented by careful
adjusted itself and adjusted business strategies swiftly to keep expense management, resulting that the Group had net

up with circumstances. The Group was able to adjust according profit 145.57 million baht.
to the situation in a timely and efficient manner, namely; the

6 Annual Report 2022 (56-1 One Report)