Lalin Property has announced a strong performance for the second quarter, with revenue of 1.675 billion baht and a net profit of 351.8 million baht, representing a 30% increase, along with the declaration of an interim dividend of 0.295 baht per share.

Lalin Property Public Company Limited reported its Q2 2021 results with revenue of 1.675 billion baht, a 10% increase from the previous quarter and a 28% increase compared to the same period last year. The company has maintained effective cost management, resulting in a profitability ratio that consistently exceeds the industry average. In Q2 2021, the company achieved a net profit of 351.8 million baht, translating to a net profit margin of 21%, which is a 30% increase compared to the net profit from normal operations in the same period last year.

The Board of Directors has approved an interim dividend payment to shareholders at a rate of 0.295 baht per share, with the Record Date set for August 30, 2021. The dividend will be paid to shareholders on September 10, 2021, which, compared to the current stock price, represents an annual Dividend Yield of approximately 6.5%.

Mr. Churachart Chakrakul, Managing Director of Lalin Property Public Company Limited, a real estate developer under the concept of "Homes Built on Good Intentions," stated that 2021 has been another challenging year for business operations due to the resurgence of COVID-19 in many countries, including Thailand, driven by the rapidly spreading Delta variant. The current vaccines have shown reduced efficacy against this variant. Thailand is experiencing a third wave of outbreaks that began intensifying in April, leading to daily infection rates exceeding 20,000, severely impacting both society and the Thai economy. The real estate sector, closely tied to economic conditions, has also been affected by the economic downturn.


Mr. Churachart Chakrakul, Managing Director of Lalin Property Public Company Limited

Despite the increased challenges in the market, Lalin has managed to operate effectively by focusing on genuine buyer demand and developing products that truly meet consumer needs at reasonable prices. This approach has allowed the company to achieve its business goals. In the first six months of this year, the company reported revenue of 3.1945 billion baht, a 25% increase from the same period last year, demonstrating strong growth contrary to the overall industry downturn. The company has also effectively managed its costs, reflected in an improved profitability ratio, with a Gross Profit Margin of 39.3% in the first half of the year, slightly up from the same period last year. Additionally, the control of selling and administrative costs has improved, resulting in a decrease in the SG&A/Sales ratio from 10.1% to 9.3%. Consequently, the company achieved a net profit of 674 million baht in the first half of the year, equivalent to earnings per share of 0.73 baht, a 30% increase compared to the net profit from normal operations of 518.5 million baht in the same period last year.

Regarding business expansion, the company continues to invest in growth this year. So far, six new projects have been launched, with a total value exceeding 4.5 billion baht, and preparations are underway for two additional projects. Despite ongoing investments, the company maintains a strong financial position and has managed financial risks prudently. As of the end of Q2, the Debt-to-Equity (D/E) Ratio stood at just 0.64, significantly lower than the industry average of approximately 1.4. Furthermore, the Net D/E ratio at the end of Q2 was only 0.28, reflecting low financial risk and the company's capacity for business expansion. The company has recently successfully issued bonds worth 400 million baht at a fixed interest rate of 2.90% for three years, and this year has issued bonds totaling 1.05 billion baht to support its business expansion.