Ananda Development Public Company Limited, or ANAN, a leader in urban residential development and the top market player in condominium projects near electric train stations, has showcased its operational success with a 6% increase in revenue from the previous year, resulting in a record high of over 13 billion baht. The company also reported sales growth of over 34.9 billion baht, a 39% increase from the previous year, driven by new project launches that brought the total value of new projects to a record high of over 42.5 billion baht, up 105% from last year. In 2017, the company launched the highest number of condominium projects in the country, with 11 new projects valued at over 36.6 billion baht. Additionally, the company announced its business plan for 2018, aiming for a 152% increase in transfers to 38 billion baht as part of its "4 in 4 Roadmap" initiative, which targets over 400% growth in transfers from 15.1 billion baht in 2017 to 70 billion baht by 2021.

          Mr. Chanont Ruangkritya, CEO and Managing Director of Ananda Development Public Company Limited, stated, "The company's performance has exceeded expectations based on our operational plans, achieving record highs in new project launches, sales, and revenue. The value of new projects reached a record high of over 42.5 billion baht, a 105% increase from the previous year, with sales reaching a record high of 34.92 billion baht, up 39% from last year, and revenue at a record high of 12.95 billion baht, a 6% increase from the previous year. The company also has a backlog of over 53.7 billion baht, supporting transfers over the next three years, which is a 30% increase from the end of last year.

          The company reported total revenue of 12.95 billion baht, a 6% increase from the same period last year, consisting of 8.93 billion baht from property sales and 4.02 billion baht from other income, primarily from joint venture projects and external construction work. The net profit was 1.33 billion baht, a 12% decrease from the same period last year, mainly due to the significant increase in new project launches compared to the previous year.

          In 2017, the company launched 11 condominium projects and 5 horizontal projects, with a total project value of over 42.5 billion baht, a 105% increase from the previous year. The launch of 11 new condominium projects, valued at over 36.6 billion baht, made the company the highest condominium developer in the country.

          In the fourth quarter, the company launched 2 new condominium projects valued at over 8.4 billion baht, including Ideo Mobi Rama 4, valued at over 5 billion baht, located near the Khlong Toei BTS station, and Elio Del Moss, valued at over 3.4 billion baht, near the Sena Nikhom BTS station. The company achieved sales of 9.8 billion baht in the fourth quarter, exceeding the target of over 7.5 billion baht by 31%, driven by strong brand trust and better-than-expected customer demand.

          In 2017, the company continued to expand its international sales, achieving success in selling to foreign markets since its first sale in September 2013, with total sales reaching 9.775 billion baht in 2017, a 164% increase from the previous year, selling to customers in 38 countries. This positioned the company as the highest foreign sales developer in the country in 2017. The total sales in both domestic and international markets reached over 34.9 billion baht, exceeding the target by 7% and marking the highest sales since the company's inception. By the end of 2017, the company had a backlog of over 53.7 billion baht, supporting transfers over the next three years, which is a 30% increase from the end of the previous year.

          Furthermore, the company has maintained financial discipline and successfully grown its business while keeping its net interest-bearing debt to equity ratio at 0.77:1, below the company's long-term target of 1:1," Mr. Chanont added.

          In 2017, the company entered into joint ventures to develop real estate projects in Bangkok, launching 6 additional condominium projects with Mitsui Fudosan, totaling over 25 billion baht, including Ideo Q Sukhumvit 36, Ideo Rama 9 New Cut, Elio Del Nest, Ideo Mobi Rang Nam, Elio Del Moss, and a condominium project near Rama 9, bringing the total value of joint venture projects to 21 projects worth over 95 billion baht, making it the developer with the most joint venture projects in the country.

          The company has seen an increase in gross profit margin from the previous year, demonstrating financial discipline in maintaining profitability during a growth phase. Additionally, the company's cash flow remains strong, with over 2 billion baht in cash at the end of the quarter. The company continues to receive strong and ongoing support from leading financial institutions and has various funding options to meet its cash flow needs throughout the year, which can be utilized as needed.

          For the operational plan in 2018, the company aims for a 152% growth in transfers to 38 billion baht. In 2018, the company expects to have 9 condominium projects completed and ready for transfer, in addition to the 8 new condominium projects completed and transferred in 2017.

          The company plans to launch 16 new projects in 2018, valued at over 35.1 billion baht, including 8 condominium projects, 7 of which are joint ventures with Mitsui Fudosan, and 8 horizontal projects. The sales target is similar to last year at 35.1 billion baht, up from 34.9 billion baht in 2017, with a goal of maintaining a net interest-bearing debt to equity ratio of approximately 1:1, in line with the company's long-term management goals.

          The company aims to increase its joint venture project development, with a total joint venture project value exceeding 114 billion baht in 2018, up from 95 billion baht in 2017, solidifying its position as the developer with the highest joint venture project value in the country.

          With sustained business growth and strong performance, along with disciplined operational cost management, Ananda remains a leader in condominium development near electric train stations in Bangkok and continues to lead in developing new innovations in building design and other real estate developments, aiming to maintain its market leadership in condominiums. The year 2018 is part of the "4 in 4 Roadmap," targeting over 400% growth in transfers from over 15.1 billion baht in 2017 to 70 billion baht by 2021, following successful investments after the company's listing on the Stock Exchange of Thailand. In 2018, the company expects to have 9 condominium projects completed and ready for transfer, in addition to the 8 new condominium projects completed and transferred in 2017.

          The company takes great pride in being recognized with the highest brand trust index in the condominium real estate sector in 2017 from Chulalongkorn University (CU-Brand Trust Index in the real estate industry), reflecting the company's commitment to delivering quality products and services to customers, enhancing brand recognition.

          The company's board is preparing to seek approval to propose to the annual general meeting of shareholders to consider increasing the dividend to shareholders to 12.75 satang, a 2% increase from the previous year, continuing the trend of increasing dividends every year since the company's IPO.

Thank you for the information from https://www.ananda.co.th/homepage