|With over 2,029 million baht worth of sales Lalin Property displays powerful performance
With over 2,029 million baht worth of sales Lalin Property displays powerful performance
14th Nov 2006
Lalin Property Public Company Limited, Thailand?s leading property operator completes its 9 months of 2005 with over 2,029.5 million baht worth of sales and 515.8 million baht in net profit or 0.63 baht worth of net earnings per share and 15.4% growth. Net profit for the period grew 19.5% against the same period a year ago as in the 2nd quarter, the company reported realized income worth 716.6 million baht, net profit of 185.3 million baht and net profit per share of 0.22 baht and income worth 719.1 million baht, net profit of 181.3 million baht and net profit per share of 0.22 baht in the 3rd quarter
Chaiyant Chakarakul, Chief Executive Officer of Lalin Property Public Company Limited, outstanding property operator with stock sign of LALIN, disclosed that his company?s performance for the first 9 months of 2005 revealed lucrative figures with growth of 15.4%, and when compared the 3rd quarter figure with that of 2004, the growth soared to 17.9%. ?Negative economic factors and rising production costs may become an obstacle for the property industry but Lalin has always been prepared for the situation with a well-thought up strategy to allow quick adjustments. Combined with experience and expertise of the company in dealing with medium-sized single-detached houses, Lalin is able to perceive the market and effectively cater to the needs of homebuyers,? he said.
However, in 2005 Lalin was able to execute plan as expected with 3 new projects for combined value of 3.25 billion baht launched in the 1st quarter and 3rd quarter of the year,? he said. These projects include:
1. Baan Burirom Outer Ring Road ? Pinklao (1.3 billion baht Q1)
2. Baan Burirom Rama II ? Ekkachai (1.215 billion baht Q1)
3. Baan Burirom Srinakarin ? Outer Ring Road ? Suwannabhumi ? Theparak (700 million baht Q3)
At present, Lalin operates the total of 18 projects in 5 zones in Bangkok and its vicinity. The company is confident in achieving continued success in medium.sized houses with plans to launch new projects to satisfy homebuyers in
terms of pricing and quality.