SET-listed contractor Christiani & Nielsen Thai (CNT) downgraded its 2022 revenue target by 5% to 6.2 billion baht, after it won a disappointing number of new contracts in the first five months of this year.
Surasak Osathanugraha, CNT's assistant to the managing director, said the company signed contracts for three new construction jobs with a combined value of 548 million baht, after bidding for jobs worth 8.5 billion baht between January and May this year.
"The number of construction jobs early this year was higher, but the majority of them were on a larger scale with a value of 2-3 billion baht each, which were always awarded to a single contractor," he said.
