Lalin Property Public Company Limited Announcement of third quarter 2022 financial results There was a revenue recognition of 1,504.7 million baht, a decrease of 7.4% compared to the same period last year. While the revenue recognition for the first 9 months was 4,723.2 million baht. A decline of 2.2% over the same period last year. However, I still believe that in the big picture this year, the company will still be able to handle the growth over the previous year.
Mr. Churat Chakornkul, Managing Director of Lalin Property Public Company Limited Real estate project developer under the concept “A house built with good intentionsDiscusses overview of business operations. that this year is a year of various challenging factors entered continuously since the beginning of the year If it is the impact caused by the problem Geopolitics Challenges from accelerating commodity prices The challenge of accelerating inflation worldwide Till causing many countries to accelerate interest rates which has started leading to recession risk in many countries of Thailand Expected to end November The Bank of Thailand is expected to raise its official interest rate from 0.25% to 1.25%, which saw that with the gradual increase, both the corporate and public sectors would be able to adjust. Thailand has a tourism engine that has begun to gradually recover after the country opened up. This year, the number of foreign tourists is expected to exceed 10 million and is expected to reach 20 million in 2023, when the tourism sector will be an engine that will help drive the expansion of the Thai economy. 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. Property transfers may be accelerated to receive these benefits at the end of this year.
in terms of company performance For the third quarter, revenues were recorded at 1,504.7 million baht, a decrease of 7.4% due to construction delays. From this year’s rainy season, which has more rain than usual, for the first 9 months, the company was able to recognize revenue of 4,723.2 million baht, a slight decrease from last year’s first 9 months , 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 came in at 39.1%, well above the market average of about 33%. Selling expenses in the first 9 months increased slightly by about 18.4 million baht as a result of the commercialization of new project launches, in which 8 new projects were launched in the first 9 months. A total of 11 new projects will be launched, with a total value of more than 8,500 million baht. In the first nine months of this year, the company has a net profit of 965.4 million baht, which represents a net profit margin of 20.4%, 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 in the last three quarters. And the overall picture of the year will still be able to expand compared to the previous year.
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