Stock news 4:48 p.m. 2023-11-13
Mr. Wichan Viriyaphusit, Chief Financial Officer of Sansiri Public Company Limited (SIRI), revealed operating results for the first 9 months of 2023 with a net profit of 4,760 million baht, an increase of 91% from the same period of the year. before This is a net profit for the third quarter of 1,557 million baht, an increase of 23% from the same period last year. Part of this comes from an increase in profit sharing from joint ventures. Especially the joint venture with Tokyu Corporation and controlling and managing expenses to an appropriate level. Sansiri plans to develop joint venture projects with various partners. more in the future
“The important thing is that profits for this 9-month period are the highest on record in the 39 years since the company was founded. and more than the net profit for the entire year of the previous year (2022) at 4,280 million baht, reflecting the company’s efficient management. to create even stronger growth in the future And it is considered a result of operations that have grown according to the Business Direction that was laid out,” Mr. Wichan said.
Meanwhile, total income for the first 9 months of this year was 28,047 million baht, accounting for 70% of the full year target of 40,000 million baht or an increase of 28% from the same period last year. Total income only for the 3rd quarter of 2023 was 9,554 million baht, an increase of 8% from the same quarter of the previous year. It comes from the continuous launch of new projects. Both horizontal and high Especially single-detached house projects, Sansiri is the leader in the real estate market. At the luxury level, such as Narasiri Phahon-Watcharaphon, a luxury level detached house. that had better sales than expected, and the 3-story Bukan Exclusive Residence in the Sansiri Luxury Collection, both the Bukan Krungthep Kreetha and Bukan Pattanakarn projects that received good response. Including Setthasiri Don Mueang
The first project from the Setthasiri detached house brand, 10 new projects this year. that has done a good job of starting the brand penetration Including the good response from the Ready to Move condominium project is another sign of recovery in the condominium market. and is an important indicator in the Real Demand market in the 3rd quarter. Sansiri launched the Nia by Sansiri project as a Ready to Move project, which can be sold and income recognized immediately.
“From the full-year revenue target of 40,000 million baht, for which in the 9-month period we recorded total income of 28,047 million baht, the remaining income of approximately 12,000 million baht will come from the backlog of houses and condominiums that have already been sold and are gradually being sold. deliver Including from the sale of new projects such as Nia by Sansiri and Setthasiri 5 new projects.”
Mr. Wichan said that during the last period of the year It is expected that there will be positive factors from customers accelerating their decision to purchase and transfer housing. Before the real estate stimulus measures expire at the end of the year It is also an important period when customers will look for and decide to buy a new residence. Including organizing various campaigns of real estate operators and financial institutions It will help stimulate sales at the end of the year. Sansiri is preparing to meet the demand for housing from both Thais and foreigners in every segment. With plans to launch new projects in the 4th quarter, a total of 22 projects worth 36,000 million baht, divided into 14 horizontal projects worth 24,500 million baht and 8 condominium projects worth 11,600 million baht, it is expected that Sansiri will be able to create new history with the best operating results. In the past 39 years since the company was founded
By InfoQuest News Agency (13 Nov. ’23)
Tags: SIRI, Wichan Wiriyaphusit, Sansiri
2023-11-13 10:12:18
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