For the performance of 2018, the Company and its subsidiaries had revenue from sales of real estate and rental business accounting for 92% and 8% of total revenue, respectively. Meanwhile, net profit increased 10% from 2017 to Baht 3,801 million due to more efficient cost control. Interest bearing debt to equity ratio 0.88 times (0.95 times in 2017). The Company and its subsidiaries have maintained TRIS Credit Rating at A- / Stable.
In 2018, the Company and its subsidiaries launched 11 new projects in Bangkok, vicinities and upcountry provinces (8 detached house projects and 3 townhouse projects) with total project value of Baht 10,775 million and closed 10 housing projects. In addition, the Company and its subsidiaries also opened 1 hotel (Centre Point Hotel Pattaya) to accommodate tourist groups.
The Company and its subsidiaries will continue to develop good quality products for the customers by inventing new innovation and technology for residential projects as well as after-sale service enhancement and project’s safety such as Q Health (automatic airflow system to reduce accumulation of carbon dioxide inside the house) and Smart Security System (wireless security system through the smartphone).
The Company and its subsidiaries will continue to focus on the Corporate Governance Policy. In 2018, the Company and its subsidiaries received an excellent rating in corporate governance assessment under the CGR campaign for three consecutive years.
Finally, the Board of Director would like to thank you customers, shareholders, debenture holders, financial institutions, trading partners and other related parties for continued support. The Company and its subsidiaries will continue to focus on sustainable growth and good corporate governance to create a balance of economic, social and environmental development for maximum benefit of all related parties.
|(Mr. Boonsom Lerdhirunwong)
Chairman and Independent Director