Bangkok - The CEO of "ALL" has showcased the Q1/62 financial report, revealing total revenue of 852.36 million baht and net profit of 97.06 million baht, marking an increase of 15.11% compared to Q1/61 after booking transfer revenues of 824.98 million baht. The company guarantees a performance growth of doubling each year for the next 3 years through backlog transfers, stock sales, and continuous new project launches. As of Q1/62, the company has a backlog worth over 7,200 million baht and inventory valued at over 12,000 million baht. Additionally, in 62, there will be 5 completed condominium projects worth a total of 8,600 million baht, while preparing to launch 6 new condominium projects valued at 18,250 million baht to support continuous growth in the future. 

          Mr. Thanakorn Thanawirith, CEO of All Inspire Development Public Company Limited (ALL) , a provider of diverse residential real estate solutions to meet the needs of all customer segments (Total Real Estate Solutions) , emphasized the overall business outlook of ALL after listing on the MAI stock exchange. The performance for Q1/2562, ending on March 31, 2562 , showed total revenue of 852.36 million baht, an increase of 277.92 million baht or 48.4% compared to the previous year, with net profit of 97.06 million baht, up by 12.74 million baht or 15.11% year-on-year, due to revenue recognition from the transfer of ownership of 4 projects valued at 669.98 million baht. 

          This reflects the company's commitment to management, and there is confidence that ALL's future performance will continue to grow, aligning with the company's goal of becoming a leading real estate development company ranked in the top 1 of 10 in the country. 

          Over the next 3 years (years 2562 - 2564) , the company expects significant growth in performance due to the continuous recognition of backlog sales. At the same time, the company has projects awaiting sale that can generate revenue, and it plans to launch new projects to support future growth. As of the end of March 2562 , the company had a backlog valued at approximately 7,200 million baht from 13 projects, with an expected recognition of about 60 - 70% in 2562, while the remainder will be recognized until 2566. Additionally, the company has inventory valued at over 12,000 million baht, with approximately 40% ready for transfer this year, which can be recognized as immediate revenue after sales. 

          In 2562, the company will have 5 completed condominium projects worth a total of 8,600 million baht, including 1. Rise Rama 9 project valued at 1,594 million baht, starting delivery in Q1/2562; 2. The Vision Ladprao - Nawamin project valued at 1,391 million baht, starting delivery in Q2/2562; 3. Impression Phuket project valued at 2,000 million baht, starting delivery in Q3/2562; 4. The Excel Hideaway Sukhumvit 71 project valued at 1,596 million baht, starting delivery in Q4/2562; and 5. The Excel Hideaway Sukhumvit 50 project valued at 2,011 million baht, starting delivery in Q4/2562. 

          For the new project launches in 2562, the company aims to introduce a total of 6 new projects valued at 18,250 million baht, including 3 high-rise condominium projects located in Thonglor 12, Thonglor 16, and the Impression Ekkamai project, while the other 3 projects will be low-rise condominiums located in Sutthisan Soi 20, Mithuna Intersection 5, and Lasalle 83, with all land already acquired to support continuous future growth. 

          "In Q1/2562, the company launched the Impression Ekkamai project developed under AHJ Ekkamai Co., Ltd., a joint venture where ALL holds 51% and Hoosiers Asia Pacific and Kyushu Railway Company hold 49% . The project in Thonglor (Thonglor 16) is developed under AG Thonglor 12 Co., Ltd., a joint venture where ALL holds 62% and Ground Property, a real estate company in Singapore, holds 38% , which has received a positive response," Mr. Thanakorn concluded.  

          However, in 2562, the company remains focused on developing projects in high-potential areas along the mass transit rail system of Bangkok, both the Green Line (BTS) and the Blue Line (MRT) within 1 - 2 kilometers from the stations, as well as modern and unique designs emphasizing functionality, usable space, common areas, and a good environment, aiming for practical living at affordable prices. 

          "ALL has allocated project sales between international and domestic customers, with a policy to sell to international customers at a ratio of 30 - 40% to enhance cash flow post-sale. The company can immediately collect a 30% down payment from international customers, providing immediate cash flow. The remaining 70% from international customers is often paid in cash, eliminating issues with loan rejections from financial institutions. This strategy is part of the company's financial model that strengthens its financial position and increases liquidity for rapid and continuous expansion in the future," Mr. Thanakorn concluded.

 
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