QTC Energy Plc, a Thai power transformer manufacturer, expects revenue to grow by almost 15% to 1.4 billion baht this year, up from 1.23 billion in 2022, despite a loss in the first quarter.
The company believes it can earn more revenue from higher demand for transformers and solar power panels throughout the rest of this year.
The good business prospects in 2023 are also attributed to an electric vehicle (EV) charger business, co-operated by QTC Energy’s partner UAC Global Plc.
Poonphiphat Tantanasin, managing director of QTC Energy, expects the company to win bids to sell transformers worth 500 million baht to the…
