Lalin Property Public Company Limited (LALIN) is continuously launching new projects, aiming to kick off 8-10 projects this year with a total value of 4.5 to 5 billion baht. This is expected to drive revenue growth of 15%, reaching 4 billion baht. In the first quarter of 2018, the company recorded revenue of 962.1 million baht, an increase of over 45% compared to the same period last year, marking a consistent growth rate of over 30% for the past two years. Net profit increased by approximately 60%, reaching 182.2 million baht.

          Mr. Chaiyan Chakarakul, CEO of Lalin Property Public Company Limited, the developer of real estate projects under the concept of “Homes Built on Good Intentions”, revealed that this year the company continues its business expansion plan, targeting to launch new projects in over 8-10 potential locations with an estimated value of 4.5 to 5 billion baht. He is confident that the company can execute the plan as scheduled, as earlier this year, the company launched 2 new projects valued at approximately 800 million baht, with new sales waiting to be recognized at over 1.5 billion baht. In the second quarter, there are plans to launch another 1-2 projects valued at approximately 1.2 billion baht. For the revenue recognition target in 2018, the company is confident it will achieve the planned growth of 15%, reaching 4 billion baht.

          In the first quarter of 2018, the company recognized revenue of 962.1 million baht, growing by about 45%. This marks a continuous strong growth, as the company has been able to maintain a growth rate of over 30% for the past two years. The total net profit was 182.2 million baht, an increase of over 60% compared to the same period last year, due to the company's effective management of costs, with a gross profit margin of 39.9%, one of the highest among listed companies in the market. The company has also effectively managed its selling and administrative costs.

          Regarding the capital structure, although the company has significantly expanded its business over the past 2-3 years, it has maintained a Gearing level better than the market average. As of the end of the first quarter, the company had a debt-to-equity (D/E) ratio of 0.82, which is lower than the overall industry average of 1.3 - 1.4, reflecting the company's financial strength and readiness for business expansion.

Thank you for the information from www.lalinproperty.com