Mr. Tritecha Tangmatitham Managing Director Supalai Public Company Limited or SLEEP Disclose the company’s business overview information through the event. Opportunity Day Organized by the Stock Exchange of Thailand (SET) on August 11, 2023 that the company is confident that this year’s sales will meet its target of 36 billion after the first half of the year has already achieved more than 17 billion baht.
In the second half of this year, it plans to launch 27 new projects worth 28 billion baht, 10 new projects worth 9.6 billion baht in the third quarter and 17 projects in the fourth quarter worth 18 billion baht. Drive sales according to the target set.
Political factors are expected to affect in the short term. Because Chinese customers may be concerned about the unrest. If the political situation is clearer, it is expected that it will help foreign customers. Including domestic customers making purchasing decisions easier.
For the case of selling a big lot of shares of Mankong Housing Public Company Limited or MK, the company has been contacted to buy. which is a higher price than the board Therefore, it is appropriate to sell big lots in order for the company to have better liquidity. and reduce the burden of debt to be less than before
Incidentally, the performance for the first 6 months of 2023, the company was able to achieve total sales for 6 months at 17,285 million baht from the good response from customers in all project locations with ready-built products. Including launching 10 new projects in Bangkok, its vicinity and the region.
As for the net profit, it was 2,781 million baht and the net interest-bearing debt to equity ratio was 50%, while the cost of finance was at an average rate of 2.30% per year as of June 30, 2023, with total Sales pending revenue recognition (Backlog) of approximately 19,804 million baht as of June 30, 2023, with the expectation that ownership will be gradually transferred to customers and recognized as revenue in the year 2023 in the amount of 11,606 million baht.
2023-08-14 02:34:53
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