Message from Chairman
Dear shareholders,
The Organisation for Economic Co-operation and Development (OECD) forecasts a 3.2% growth in global gross domestic product (GDP) for both 2024 and 2025. In conjunction with, the uncertainty resulting from the trade war between the United States and China create some uncertainty that could negatively impact the economic outlook for 2025.
However, Amata Corporation Public Company Limited (the “Company”), along with its subsidiaries, has endeavored to maintain business operations during a period of economic instability while achieving growth in line with their strategic objectives. In 2024, the Company reported improved revenue and net profit compared to 2023, indicating successful adherence to its strategy of developing smart cities as innovative investment hubs. This approach has facilitated job creation, regional economic expansion, and the generation of economic value for Thailand, while addressing the evolving trends in modern technology globally. The Company has been recognized from leading international firms that have established new operations within the industrial estates managed by the Company, thereby aligning with the government’s Eastern Economic Corridor (EEC) initiative.
In relation to the progress made in the reorganization of the utilities and services business group, the Company established Amata U Lao Co., Ltd. on February 10, 2025. This organization is designed to oversee utility operations in the Lao People’s Democratic Republic, with the objective of creating economic value and fostering ongoing economic growth.
The Company’s Board of Directors places a strong emphasis on the good corporate governance, as well as responsibility towards the community, environment, and stakeholders. Recognizing that the Company and its subsidiaries’ businesses must be responsive to local communities and the environment, the Company’s Board of Directors has integrated the business philosophy “ALL WIN” as well as the sustainable development into our business plan. Understanding the significance of environmental conservation, the Company has launched the “Save Earth, Safe Us” campaign. All staff members are encouraged to actively address environmental issues. In addition, the Company has devised a strategy to communicate this campaign to its customers, partners, and local communities.
The Company conducts its operations in accordance with good corporate governance principles and a commitment to sustainable development. It has been honored with the Sustainability Awards of Honor at the SET Awards 2024, awarded to listed companies that have achieved the Best Sustainability Awards for three or more consecutive years, as organized by the Stock Exchange of Thailand. Additionally, the Company has attained the highest SET ESG Ratings of AAA and has been recognized as a sustainable stock by the Stock Exchange of Thailand for the 7th consecutive year. Furthermore, it has received the Sustainability Disclosure Award from the Thaipat Institute for the 5th consecutive year.
To affirm the Company’s longstanding commitment to good corporate governance and sustainable development, it has successfully retained its status as a publicly listed entity recognized for outstanding corporate governance at the “Excellent” 5-star level for the 7th consecutive year (2018, 2019, 2020, 2021, 2022, 2023, and 2024). The Company’s Corporate Governance score is higher than the average Corporate Governance score. Additionally, it received an “Excellent” evaluation from the 2024 Annual General Meeting of Shareholders Quality Assessment Project, which effectively conducted the Annual General Meeting through electronic media (E-AGM). The Company remains dedicated to combating corruption in all its forms. Last year, it renewed its certification from the Private Sector Collective Action Coalition Against Corruption (CAC Certification), affirming its role as an organization actively engaged in anti-corruption efforts. This year, the Company is focused on enhancing knowledge and awareness among its employees regarding the significance of ongoing efforts to combat corruption in all its forms.
On behalf of the Board of Directors and Executives of the Company and its subsidiaries, I would like to express gratitude to all business partners, shareholders, staff, customers and other stakeholders, who have contributed to our success and sustainable growth. Additionally, we extend our appreciation to all financial institutes that have placed their trust in the Company and continue to support our operations.
