BE8 points out that the government hastened the disbursement of the budget. Support this year’s work to grow

Bangkok, BE8 is confident that the earnings trend will continue to grow. Outstanding assessment of the second half of the year Benefit from government agencies expediting disbursement of investment budgets. while the demand for investment in new innovations To increase the competitiveness of both public and private organizations, which are still growing at a high rate. Reveals that there is currently a backlog of 1.8 billion baht, while the results for the 1st quarter of 2024 have a net profit of 31.43 million. Mr. Abhisek Devintharaphakti, Chief Executive Officer of Beryl 8 Plus Public Company Limited or BE8, a leader in the integrated Digital Transformation consulting business, revealed that the overall performance of this year will continue to grow from the first quarter. and will be outstanding in the second half of the year It has benefited from the acceleration of budget disbursement of government agencies. After the budget disbursement for 2024 was delayed in the past. And at present, investment budg ets of government agencies have begun to be disbursed since April. Meanwhile, in October this year. The government must also disburse the budget for 2025, causing government agencies to expedite investment budgets. This is considered a positive factor that supports the company's operating results to grow outstandingly in the second half of the year. At the same time, the private sector also has a desire to invest in new innovations. To increase competitiveness in both technology and digital marketing, heading towards the Digital Transformation era. full model which is a global mega trend including cyber security Currently, the company has a backlog worth 1,863 million baht, which will support the BE8 group's income to grow continuously. Currently, BE8's main income structure comes from strategy and technology consulting income. In the past year, there was an income of over 1,098 million baht, followed by income from the technology service group in terms of sales and rental of usage rights, 740 million baht, and income from system administration. Technology and technology personnel recruitment 570.37 million baht For the operating results of the first quarter of this year The company had sales and service income of 570.33 million baht, a decrease of 2.67% compared to the same quarter last year. The main reason is the delay in spending the government budget. As a result, the proportion of income from the government sector decreased by 7.2% compared to the same period last year. while having a net profit of 31.43 million baht 'The reasons that make us confident that the operating results will continue to grow Because of the use of the government budget that has been tight since the end of the year This is a result of the delay in forming the government. But after this, it is expected to see an acceleration in spending. while the need to invest in new innovations To increase competitiveness in both technology Especially in the private sector which continues to increase,' Mr. Abhisek said. Source: Thai News Agenc y