Lalin Property Public Company Limited (LALIN) has shown strong growth above market expectations, announcing its financial results for 2017 with recognized revenue of 3,589.2 million baht, a 33% increase from the previous year, marking a continuous growth of over 30% for the second consecutive year. The company has maintained excellent cost management capabilities above the market average, achieving a gross profit margin of 38.8%. Selling and administrative expenses as a percentage of sales have decreased, resulting in a net profit for the year of 680.8 million baht, an increase of over 36% compared to the same period last year.

           Mr. Chaiyan Chakarakul, CEO of Lalin Property Public Company Limited, a real estate developer under the concept of "homes built on good intentions," stated that the overall real estate market has seen little expansion over the past two years. However, the company has implemented the right business strategies, allowing it to achieve revenue growth of over 30% for two consecutive years, despite unfavorable circumstances. In 2017, the company recognized revenue of 3,589.2 million baht, a 33% increase from the previous year, while effectively managing various costs, resulting in a gross profit margin significantly above the market average and efficient management of selling and administrative expenses, leading to a net profit increase of 36.1% from the previous year, totaling 680.8 million baht.

           In terms of capital structure, despite significant growth over the past two years, the company has maintained a gearing ratio better than the market average. As of the end of 2017, the debt-to-equity ratio (D/E Ratio) stood at only 0.79, down from 0.85 the previous year, and lower than the industry average of approximately 1.3-1.4. The company has managed financial risks prudently, utilizing a diverse range of funding sources and securing sufficient committed lines from commercial banks to cover all debts maturing in the next 1-2 years. Additionally, the company is in the process of issuing bonds worth 500 million baht with a fixed interest rate of 2.95% for three years, confident that it will attract full interest from investors as it has in the past.

           Mr. Chaiyan concluded that the company's board of directors has approved the allocation of profits for 2017 to shareholders, proposing a total annual dividend of 0.30 baht per share. Based on the current share price, this would yield a dividend yield of approximately 5.6%. The company has already paid an interim dividend of 0.135 baht per share, leaving an additional 0.165 baht per share to be paid. The list of shareholders entitled to receive dividends will be determined on March 16, 2018, with the XD mark set for March 15, 2018, and the dividend payment scheduled for May 11, 2018. This dividend payment is subject to approval at the annual general meeting of shareholders in April.

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