Supalai Public Company Limited has announced its financial results for the first half of 2023, showcasing a strong financial position with total revenue of 14.346 billion baht and a net profit of 2.781 billion baht. The company is set to aggressively pursue the real estate market, both horizontal and condominium sectors, in the second half of the year, launching 27 new projects valued at a total of 28.610 billion baht. They aim to expand new products across all segments and penetrate high-potential locations in Bangkok, its suburbs, and other regions, targeting a revenue goal of 36 billion baht.

Mr. Traitecha Tangmattatham, Managing Director of Supalai Public Company Limited stated that the performance in the first half of 2023 has maintained steady growth and is at a satisfactory level, generating total revenue of 14.346 billion baht. The primary revenue source comes from property transfers in Bangkok, its suburbs, and other regions, with 65% from horizontal products, which are a key driver for the company's revenue, and 35% from condominiums. The condominium market is regaining market share, and customers continue to show interest in purchasing. In the first half, the Supalai Loft Sathorn - Ratchaphruek project, valued at 1.465 billion baht, has been completed and delivered to customers. The company achieved total sales of 17.285 billion baht over six months, driven by positive customer responses in all project locations with completed products ready for occupancy, including the launch of 10 new projects in Bangkok, its suburbs, and other regions.

The net profit stands at 2.781 billion baht, with a net interest-bearing debt-to-equity ratio of 50%. The average financial cost is at 2.30% per annum as of June 30, 2023, with a backlog of approximately 19.804 billion baht. It is expected that the company will gradually transfer ownership to customers and recognize an additional 11.606 billion baht in revenue in 2023. The company is also actively seeking land in all locations to support the development of new projects that cater to the lifestyle of its customer base across all areas, while continuously preparing to deliver completed condominiums ready for occupancy. The company is confident it can achieve its sales and revenue targets as planned.

Additionally, the company's board of directors has approved an interim dividend payment for the first half results to shareholders at a rate of 0.70 baht per share, with the ex-dividend date set for August 22, 2023, and the dividend payment date on September 6, 2023.

Nevertheless, the company is confident that in the second half of 2023, the overall real estate market is showing signs of continuous improvement due to positive factors, especially economic growth and infrastructure expansion. The company is preparing to develop 27 new projects valued at a total of 28.610 billion baht to meet customer demand, while also offering completed products ready for occupancy in both horizontal and condominium projects in all locations. With comprehensive management, the company aims to provide customers with quality products, the best locations, at reasonable prices, and to maximize customer satisfaction, ensuring stable and sustainable business growth in the long term, turning crises into opportunities, adapting the business, and preparing to handle all changes.