Message From Chairman

In the past year 2022, there were factors affecting the economy, society, and environment, all of which caused the Company to urgently change its way of coping with risk management and enhancing the importance of environmental management in order to cope with the impacts that may be caused by climate change and taking into account the sustainability of the organization, in line with the business strategy. In this regard, Moong Pattana International Public Company Limited (the “Company”) strives to create sustainable growth and profits for the shareholders continuously, along with giving importance to the stakeholders in the business throughout the Company’s value chain under the concept “Side by side with good quality of life” to deliver quality products and services that truly meet the needs of the consumers. From the challenges of technological change, the Company has been continuously developing and adapting itself by increasing its investment in IT by 32 percent to increase efficiency and reduce operating costs to manage the negative effects of inflation and rising costs that fluctuate significantly throughout the year.

The Board of Directors, Management, and employees are dedicated to their work to meet the expectation of the customers, business partners, and all stakeholders to maintain the customer base and the market share that is intensely competitive and affected by the purchasing power that is declining, yet the cost of living continues to rise. The Company’s Management is alert to challenges and adjusts the plan to deal with emergency situations to manage sales effectively and with agility under such situations. In 2022, the Company had total sales revenue of THB 789.85 million, a slight increase of 0.8% from the previous year. This is due to the introduction of new products and being appointed as a distributor of more consumer products. The Company also had net profits according to the equity method of THB 35.7 million, a decrease of 56.6% due to the decrease in the performance of the associated companies resulting from the increase in raw material costs. However, the Company had been generating profits for 13 consecutive years since becoming a listed company on the Stock Exchange of Thailand.

In addition to the commitment to sustainable growth and profits, the Board of Directors and Management recognize the importance of roles and responsibilities following the good governance principles to create sustainability, including strict adherence to anti-fraud and corruption. The Company is a member of Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC) and has been re-certified for the 2nd time and evaluated for a 5-star CG rating (Excellent). This reflects the determination of the Board of Directors, Management, and employees in managing the strategies, continuously developing and enhancing good corporate governance in order to conduct the business sustainably, ethically, transparently, and verifiably, resulting in the Company being awarded the SET Awards 2022 in the award category of Business Excellence in the category of Outstanding Best Investor Relation Awards from the Stock Exchange of Thailand, which is a great pride and the Company will continue to adhere to sustainable business practices.

The Company continues to support activities to create shared value in society and manage the environment with various activities in 2022 as follows:

  • Moong Doing Good Deeds Project: planting forests, and building check dams at Nakhon Sawan Province in collaboration with Thai Pigeon Co., Ltd.
  • Moong Doing Good Deeds Project: planting forest at Phrae Province in collaboration with the Stock Exchange of Thailand
  • Employees of the Company joined together to pass on good health and full of merit with the Full of Merit Project with “Bao”. For every 1 box of sales made by the employees, the Company will contribute by donating to the Foundation for Slum Child Care.
  • Donating Pigeon products and essential items to Phayathai Baby Shelter, Wat Suan Kaew Foundation, Pak Kret Baby Shelter, etc.

Lastly, on behalf of Moong Pattana, I would like to thank all shareholders, business partners, customers, and stakeholders for always trusting and supporting the Company.

I am confident that the Board of Directors, Management, and employees will continue to focus on developing sustainable business values with responsibilities towards society, communities, and the environment to generate good performance and sustainable growth everlastingly.

Mr. Sumeth Lersumitkul

Chairman of the Board