Thailand property developer Pruksa Real Estate has maintained its strong growth in virtually all areas of its operations, revealing THB 23.9 billion in sales, THB 21.7 billion in revenue and THB 3.05 billion net profit in the first six months of the year.
The company also revealed it is confident it can achieve its THB 47 billion sales and revenue targets by the end of the year.
Thongma Vijitpongpun, President and Chief Executive Officer of Pruksa, said: “We are pleased to announce that our first-half performance has increased in all areas on a year-on-year comparison.
“Thai economic growth this year has so far been somewhat sluggish, however the Thai real estate industry has seen strong and steady growth in the opposite direction, and is expected to grow by 15 percent over last year.”
He said the total real estate market value for Bangkok and its surrounding provinces is estimated to be THB 179.34 billion, a notable 31 percent growth over the same figure last year.
Thongma added: “For Pruksa in particular, we were able to deliver a healthy 33.5 percent growth in sales over last year. We were also able to maintain our 12 percent market share in the market and secure our dominant 33 percent share, and market leadership, in the townhouse segment while still retaining our 13 percent market share for the detached home segment.”
Lersuk Chuladesa, Executive Vice Chairman and President of Pruksa, added: “It is Pruksa’s underlying philosophy to continue to create added value for our customers through innovation, advanced construction technology and service excellence.
“During the second half of the year, we still have more than THB 20.50 billion worth of sales backlog scheduled to be acknowledged, and a total of 181 active projects valued at more than THB 80 billion Baht as of June 2015.
“We have very good reason to be optimistic about meeting, if not exceeding, all of our targets for the year 2015,” he concluded.
Image: A computer generated image of Pruksa’a The Editor project at Saphan Khwai in Bangkok.
