Lalin Property Announces Strong Second Quarter Results
Revenue of 1.304 Billion Baht and Net Profit of 396 Million Baht, Up 164%

Lalin Property Public Company Limited announced its second quarter results for 2020, reporting revenue of 1,304.4 million baht, a 50% increase from the same period last year. The company has consistently maintained better cost management than the industry average, resulting in an improved profit margin. Additionally, the company recorded a profit from the compensation received for the expropriation of one of its projects, leading to a net profit of 395.8 million baht in the second quarter, a 164% increase from the same period last year.

The company's board of directors has approved an interim dividend payment of 0.25 baht per share, with the Record Date set for August 28, 2020, and the payment scheduled for September 11, 2020. This represents an annual Dividend Yield of approximately 9.7% based on the current share price.
Mr. Chaiyan Chakarakool, CEO of Lalin Property Public Company Limited, a real estate developer under the concept of "Homes Built on Good Intentions," stated that 2020 has been a challenging year for business operations, particularly due to the impact of the COVID-19 pandemic, which has severely affected the global economy, including Thailand. It is anticipated that Thailand's GDP will contract by no less than 7-8% this year, with only government spending and investment serving as a stabilizing force for the economy, while other economic drivers such as income from foreign tourists, exports, consumption, and private investment have all been significantly impacted and contracted. The real estate sector has also contracted in line with the overall economy, with many companies experiencing losses.

For our company, which focuses on genuine demand and has adapted its strategic plans to align with the situation, we have managed to continue operating according to our set goals. In the first six months of this year, we reported revenue of 2,562 million baht, an 18% increase from the same period last year. The company has effectively managed costs, reflected in an improved profit margin, with a Gross Profit Margin of 39.2% in the first half of the year, slightly up from 38.9% in the same period last year. The Selling, General and Administrative expenses to sales ratio (SG&A/Sales) decreased from 11.4% to 10.1%. Furthermore, in the second quarter, the company recorded special profits from the expropriation of one of its projects, resulting in a total net profit of 643 million baht for the first half of 2020, a 60% increase from the same period last year.

Regarding business expansion, the company continues to invest in growth, having launched five new projects in the first half of the year, with a total value exceeding 3.5 billion baht. Some of these projects are replacements for those nearing completion, and the company is preparing to launch two additional projects this month and next. Despite ongoing investment expansion, the company maintains financial risk control and keeps its Debt-to-Equity (D/E) Ratio better than the industry average, with a D/E Ratio of only 0.77 times at the end of the second quarter, compared to the industry average of around 1.5 times.