Lalin Property Announces First Quarter Results: Continuous Growth with Revenue of 1.524 Billion Baht and Net Profit of 320 Million Baht, Expanding by 29.4%

Lalin Property Public Company Limited announced its first quarter results for 2021, demonstrating outstanding performance beyond the industry average, achieving revenue recognition of 1.524 billion baht, an increase of 21.5% compared to the same period last year. The company has also maintained effective cost management, resulting in a net profit of 320 million baht, expanding by 29.4%. 

Mr. Chaiyan Chakarakool, CEO of Lalin Property Public Company Limited,a property development company under the concept of “Homes Built on Good Intentions,” commented on the first quarter results, stating that despite negative factors from the second wave of the COVID-19 outbreak among migrant workers, which began in late 2020 and continued into early 2021, Lalin has managed operations professionally, focusing on the Real Demand market and employing strategies to enhance competitiveness. The company prioritizes product quality, service quality, and cost control to deliver homes to customers at a reasonable price, enabling the company to compete even in a stagnant market. In this first quarter, the company achieved revenue recognition from sales of 1.524 billion baht, a growth of 21.5% compared to the same period last year, which is considered growth contrary to the contracting industry situation. Additionally, the company has maintained its ability to manage costs effectively, keeping its gross profit margin above the industry average at 39.1%. The efficiency of sales and marketing expense management has improved, with increased use of E-Marketing, resulting in a reduction of sales expenses as a percentage of sales from 6% in the same period last year to 4.5% in the current quarter, leading to a net profit of 320 million baht, an increase of 29.4%.