Construction firm Power Line Engineering expects revenue to decline 12.62 per cent to Bt7.96 billion this year, from Bt9.11 billion last year.
The drop will be due to a delay in a construction contract for the Dubai Lagoon condominium development and a reduction of Ua Arthorn units.
Chairman Swake Srisuchart said the delayed Dubai project and a reduction in funding for Ua Arthorn housing projects from Bt18 billion to only Bt7.5 billion would affect this year's bottom line. Whether the company can turn a profit will depend on an increased provision for doubtful debts.
Swake said the third quarter should return to a profit after a loss in the second quarter, because the company expects Bt450 million in doubtful debts to be paid by clients, out of Bt1.04 billion owed.
Power Line posted a second-quarter net loss of Bt407 million.
Power Line's backlog this year will amount to Bt17.5 billion, Swake said.
He said the company expected an additional backlog of Bt10 billion for projects at home and abroad. Five domestic projects worth a combined Bt4.6 billion are in the works, including the Purple Line's third contract. In addition, the company is preparing bids worth Bt8 billion on projects abroad.
Power Line closed at Bt1.52 yesterday, unchanged from Thursday.
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