Message from Chairman
The Company continues to move forward according to the organization's strategic plans by adapting and setting priorities to be appropriate and consistent with the changing situation focusing on building strength and sustainability in business operations, to be ready to create sustainable growth in the future according to the principles of good governance which integrate balance with society and the environment, to stand on the path of leadership in the snack food market in the region; ready to deliver valued products that provide the greatest benefits to promote and enhance the quality of life for all stakeholders and the nation.
The year 2023 was the year that the world economy underwent many important tests from various of problems; global geopolitical risk factors from the war between Russia and Ukraine and Israel and Hamas, the violences occurred created ripple effects around the world in terms of economy, security, and a chain effect on the supply chain in manufacturing industries in many countries. Meanwhile, energy prices fluctuate at a high level, both electricity and oil prices. These factors created pressure and directly affected economic growth and consumption.
In terms of business operations, the Company closely followed and monitored the above fluctuation situation including preparing to deal with and improving work plans in timely manner and in line with the market situation, to be ready to adjust operating plans both domestic and abroad factory to an appropriate level along with strict cost control as well as implementing measures to manage financial flow. In this regard, the Company did so before the economic downturn occurred in recent years. It significantly alleviated the impact on the Company’s operating results and liquidity.
The Company continued to move forward according to the organization’s strategic plans by improving and setting priorities to be appropriate and consistent with the changing situation focus on building strength and sustainability in business operations, to strengthen process efficiency in every dimension along with creating the necessary foundation to support future growth, the Company was able to continue its business with stability and sustainability in all situations through the implementation of projects; for instance, improving the organizational structure to be consistent with the Company’s long-term direction and goals, sustainable development projects, project to improve the efficiency of work processes, etc. The Company’s operating results for the year 2023 had grown both revenues and profit. This reflects the Company’s determination to create sustainable economic and social returns for all stakeholders in every sector. In 2023, the Company has total revenues of 6,049 million baht and the net profit attributable to the owners of the parent was 636 million baht.
In terms of sustainability, the Company is committed to operating according to the Decarbonization plan to achieve the goal of reducing greenhouse gas emissions to Net Zero by focusing on integration the cost-effective use of resources, increasing machine efficiency, changing to use clean energy, improving the management structure to emphasizes on operating an environment-friendly business and a low-carbon business with ability to generate steady returns for the Company including compensating for carbon emission with forestation project to help absorb carbon naturally.
The Company places great emphasis on operations for sustainable development balancing between environment, society, economy, and good governance (Environment - Social - Governance: ESG) with a governance management system, risk management, internal control, and supervision. This is considered the Company’s strong immunity. It includes emphasizing the importance of transparent business management. The Company adheres to business ethics, free from corruption and encourage the practices to business partners with the commitment to conducting business according to the guidelines and principles of sustainability until it becomes evident at the international level.
With these practices, the Company received evaluation results from the 2023 Corporate Governance Survey of Thai Listed Companies (CGR) by the Thai Institute of Directors Association (IOD) at the level of 5 stars or “Excellent”. In addition, the Company declared to join Collective Action Against Corruption (CAC) to reinforce the intention and determination to fight against all forms of corruption with the goal to be certified as a member of the Collective Action Against Corruption (CAC) by 2024, including expanding the transparent business network to the company’s trading partners to ensure that the Company’s anti-corruption measures and guidelines shall actually have practical results.
Over the past year, the excellent cooperation and positive feedback from all stakeholders was an important aspect of the Company continued growth. On behalf of Srinanaporn Marketing Public Company Limited and its subsidiaries, we heartily thank shareholders, trade partners, business partners, customers, financial institutions, executives and employees, and stakeholders for the trusts and supports of the Company’s operations. We would like to assure you that the Company is ready to conduct business under economic fluctuations and various changes, ready to create sustainable growth in the future according to the principles of good governance that integrates balance with society and the environment to stand on the path to the regional leadership in the snack food market, ready to deliver valued products, to provide maximum benefits to promote and raise the quality of life for all stakeholder and the nation continuously and sustainably.