SPALI sets a new record showcasing its performance in 2021, breaking records in revenue and profit exceeding the targets set and creating a New Record for the first time achieving a profit of 7.07 billion baht, a 66% increase, and total revenue reaching 29.647 billion baht, up 41% exceeding the revenue target set. The company’s strategy reveals a strong financial position, along with a strategic plan to adapt quickly to changing circumstances and develop products that meet customer needs under tight cash flow management.

              Mr. Traitecha Tangmattatham, Managing Director of Supalai Public Company Limited stated that the year 2021 was a highly challenging year for business management to align with the business strategy aimed at moving forward... growing as a leader and sustainably in terms of revenue and profit, with a sales target of 27 billion baht and a revenue target of 28 billion baht . The results achieved were worth the strategic planning and dedication, as the company succeeded beyond the operational plans set amidst the crises, setting a new record for the highest revenue and profit since its establishment, along with sales and transfer of ownership of completed projects ready for occupancy.

              From the plan to launch 23 new horizontal and condominium projects that can penetrate all customer segments across all areas, with popular locations generating high sales being Bangkok and its suburbs, Chonburi, and Rayong, where purchasing power remains strong. Horizontal products are increasingly popular nowadays, along with product development, launching new brands, and new house designs and functions to best meet customer needs.

              For example, the outstanding, luxurious, and elegant horizontal project, Supalai Elegance Borommaratchachonnani 121 and the condominium project with a classic vibe in the rare area of Ratchawat, Supalai Premier Samsen - Ratchawat, alongside the plan to transfer ownership of completed condominiums ready for occupancy in the second and third quarters of 2021, totaling 3 projects, which received positive feedback from customers: Supalai Premier Charan Nakhon, Supalai Riva Grand, and Supalai Veranda Phasi Charoen Station.

 

The company has set a record for the highest net profit, creating a New High New Record in the real estate industry, achieving a net profit increase of 66% or 7.07 billion baht, along with total revenue growing dramatically to 29.647 billion baht, a 41% increase from the same period last year, exceeding the target set at 28 billion baht, marking the highest figure since the company's establishment, with revenue from property ownership transfers at 28.938 billion baht, a 42% increase from 2020, divided into revenue from the transfer of houses and townhouses at 51% and condominiums at 49%.

Additionally, in the last quarter of 2021, the company had total revenue of 11.126 billion baht, a 37% increase, and a profit of 2.879 billion baht, a 54% increase, significantly growing from the same quarter of the previous year, driven by revenue recognition from the transfer of ownership of completed condominiums and horizontal projects ready for occupancy. Meanwhile, to maintain financial stability (Cash Flow Management), the net interest-bearing debt to equity ratio stood at 43% as of December 31, 2021, down from 55% as of December 31, 2020.

 

Key factors driving Supalai's significant business push to move forward... growing as a leader and sustainably in terms of revenue and profit come from:

  • A capable and strong team - implementing Agile working principles within the organization to rapidly develop products and services.
  • Product development - creating new product designs and innovations that meet customer needs.
  • Comprehensive services on online platforms  - creating new experiences through online sales for customers, such as Supalai Online Booking, Supalai Private Tours, and developing Living Solution Platform through the Supalai Sabai application to manage all home-related matters, enhancing comprehensive living.
  • Effective cost and Cash Flow management resulting in strong profitability.
  • Promoting Waste management in construction processes - establishing guidelines to reduce construction material waste appropriately and maximizing the value of construction waste while minimizing environmental impact.

 

The company’s board of directors has approved the payment of dividends for the 2021 fiscal year to shareholders at a rate of 1.25 baht per share, with the ex-dividend date (XD) set for April 27, 2022, and dividends to be paid on May 12, 2022.

           For 2022, the company is accelerating its management capabilities, committed to developing business strategies to drive sales towards the set targets, aiming for sales of 28 billion baht and revenue of 29 billion baht from the launch of 34 new projects, consisting of 31 horizontal projects and 3 condominium projects, totaling a value of 40 billion baht. The company will also aggressively enter new real estate markets in provinces to meet consumer demand, with potential locations such as Chachoengsao, Lamphun, Nakhon Sawan, Nakhon Pathom, and Prachuap Khiri Khan to cover consumer needs across all regions. The demand for horizontal housing continues to grow positively as it remains a segment with high real demand, while the company aims to develop product designs that align more with the lifestyles of modern consumers, including developing land acquisition models for future project developments.