Chairman Statement
Chairman Statement
Dr. Watthana Chaiwat
Chairman of the Board
Message from the Chairman
In 2024, the company closed branches that were unable to generate profits in order to avoid long-term burdens on the business. However, the economic slowdown has affected consumer confidence and purchasing power, leading to delays in non-urgent dental treatments. As a result, revenue from existing branches declined. Additionally, the opening of new branches was delayed beyond the original plan, which had an adverse effect on the overall revenue of the company during the past year.
For the direction in 2025, the company anticipates that the economic outlook will remain sluggish. Therefore, the company plans to undergo a major restructuring of its organization and management approach, focusing on cost reduction, downsizing the central support functions, and eliminating operational redundancies. Additionally, the company will implement successfully developed technologies to enhance operational efficiency, competitiveness, and continuity in retaining its existing customer base.
In terms of revenue growth, the company plans to open two additional branches in the southern region of Thailand. The company also plans to expand product distribution through various channels to generate additional revenue. The company is confident that it will be able to drive growth in line with the set goals. On behalf of the Board of Directors of LDC Dental Public Company Limited, we would like to express our sincere gratitude to the shareholders, customers, partners, and all stakeholders for their continued support and trust in the company’s operations.
