SET-listed Power Solution Technologies (PSTC), a provider of construction services and clean energy solutions, expects higher revenue to help it return to profit next year, following almost three consecutive years of losses.
The company recorded losses of 1 billion baht, 671.5 million baht and 113 million baht in 2020, 2021 and the first half of this year, respectively, according to the Stock Exchange of Thailand.
PSTC expects to rack up revenue from the operation of a new oil pipeline network, scheduled to start in the fourth quarter of this year, as well as higher demand for liquefied natural gas (LNG) and liquefied petroleum gas (LPG) transport and solar power solution services, said Piyapat Suwannasang, acting chief executive of PSTC.
