The delay in state budget spending and low asphalt prices in the global market reduced first-quarter earnings and profit of SET-listed Tipco Asphalt Plc (Tasco), but the company remains upbeat about a return to normal growth levels this year.
Tipco Asphalt Plc (Tasco), Thailand's largest asphalt producer, expects its sales to grow by 8.3% this year to 1.3 million tonnes despite a global economic slowdown and possible delay in state spending related to the lengthy process required to set up a new government.
Tipco Asphalt Plc (Tasco), Thailand's largest asphalt producer, expects its sales to grow by 8.3% this year to 1.3 million tonnes despite a global economic slowdown and possible delay in state spending related to the lengthy process required to set up a new government.