Dexon TechnologyDEXON Technology (DEXON), a leading provider of engineering inspection and asset integrity management services, announced today that it is targeting revenue of 704 million baht in 2024, a 9% increase from 2023. The company also expects to maintain a gross profit margin of 35-40%.
“We are confident in our ability to achieve our 2024 revenue target,” said Dr. Mallika Kaekla, CEO of DEXON. “We have a strong backlog of 277 million baht, and we are expanding our business into new markets such as the United States, Europe, and South America.”
DEXON’s revenue in 2023 was 648 million baht, an increase of 6% from 2022. The company’s net profit in 2023 was 50 million baht, a decrease of 52% from 2022.
The company’s revenue growth in 2023 was driven by its in-line inspection (ILI) technology, which generated 245.3 million baht in revenue, up 7% from 2022. DEXON’s conventional inspection technology generated 112.8 million baht in revenue, up 3% from 2022.
DEXON’s net profit in 2023 was impacted by a 20% increase in service costs and a 21% increase in selling and administrative expenses.
“We are committed to achieving sustainable growth in both the domestic and international markets,” said Dr. Mallika. “We are also focused on expanding our training and inspection businesses and our design and maintenance services.”
About DEXON Technology
DEXON Technology is a leading engineering inspection and asset integrity management services provider. The company offers a wide range of services, including:
In-line inspection (ILI)
Conventional inspection
Non-destructive testing (NDT)
Training
Maintenance
DEXON Technology has a global footprint in 40 countries across Europe, Asia, Oceania, the Middle East, Africa, North America, and Latin America.
For more information, please contact:
DEXON Technology Public Company Limited
Investor Relations
Tel: +66 2 367 8282
Email: ir@dexon-technology.com