Sunday, November 20, 2022
Lalin Property Public Company Limited announced its third quarter 2022 operating results with revenue recognition of 1,504.7 million baht, a decrease of 7.4% from the same period last year, while total revenue I know the income for the first 9 months is 4,723.2 million baht, a decrease of 2.2% from the same period last year. can
Mr. Churat Chakornkul, Managing Director of Lalin Property Public Company Limited, developer of real estate projects under the concept “A house built on good intentions” mentions the overview of business operations. that this year is a year with various challenging factors entered continuously since the beginning of the year Whether it is the impact of geopolitics issues, challenges from accelerating commodity prices. The challenge of accelerating inflation around the world Until causing many countries to accelerate interest rates which started to lead to the risk of recession in many countries in Thailand Expected at the end of Nov. The Bank of Thailand would have to raise the policy rate by 0.25% to 1.25%, which saw that with the gradual increase, both the business and public sectors would be able to adapt. Thailand has a tourism engine that began to gradually recover after the opening of the country. This year, the number of foreign tourists is expected to exceed 10 million and is expected to reach 20 million in 2023, in which the tourism sector will be an engine that helps drive the Thai economy to expand. For this year, next year for the real estate sector in the fourth quarter, transfer fee reduction measures And the mortgage fee is 0.01%, which will expire on December 31, 2022. Ownership transfers may be accelerated to receive such benefits at the end of this year.
in terms of the performance of the company For the third quarter, revenue was recognized at 1,504.7 million baht, a decrease of 7.4% due to delays in construction. From this year’s rainy season, which has more rain than usual, for the first 9 months, the company was able to recognize revenue at 4,723.2 million baht, a slight decrease from the first 9 months of last year when the amount was recognized at 4,828.1 million baht. baht, or a decrease of about 2.2%, which in terms of cost management The company has consistently outperformed the industry average. In the first nine months, the company’s gross margin stood at 39.1%, well above the market average of around 33%. Selling expenses in the first 9 months have slightly increased by around 18.4 million baht as a result of marketing in new project launches, in which 8 new projects have been launched in the first 9 months. The company will be able to launch a total of 11 new projects worth more than 8,500 million baht. In the first nine months, the company has a net profit of 965.4 million baht, representing a net profit margin of 20.4%, which is higher than the market average. At about 12-13% for the last quarter of the year, the company is still confident that it will have better results than the previous third quarter. And the overall picture for the year will still be able to expand from the previous year.