Britania or BRI has proposed to the shareholders' meeting to approve an additional dividend of 0.603 Baht per share for the fiscal year 2023, following a total revenue of over 5,862 million Baht for the year 2023, resulting in a Dividend Yield exceeding 9.6% based on the closing price of 7.50 Baht on February 28, 2024. The company is preparing to launch new single-detached and twin houses in 2024, with a total project value of over 17 billion Baht, focusing on the Grand Britania and Belgravia brands targeting the upper market segment while expanding into new provincial markets to align with purchasing power trends. The company is confident that in 2024, it will achieve revenue exceeding 7,500 million Baht as planned.

Mr. Teeradech Kerdsamang, CEO of Britania Public Company Limited (BRI), a leader in real estate development committed to creating sustainable living environments, revealed that the company's board of directors has approved the proposal to the annual general meeting of shareholders to distribute dividends based on the company's performance for the remaining six months of 2023 at a rate of 0.603 Baht per share. Combined with the interim dividend of 0.115 Baht per share previously paid, the total annual dividend will yield over 9.6% based on the closing price of 7.50 Baht on February 28, 2024, amounting to a total cash dividend payment of no more than 514 million Baht. The XD sign will be effective on April 30, 2024, with the record date for shareholders entitled to receive dividends set for May 2, 2024, and the dividend payment scheduled for May 16, 2024.

The market conditions in 2023 were influenced by various factors affecting real estate purchasing power, such as high-interest rates and household debt levels. However, Britania managed to maintain its performance through diversified project portfolios across various segments and began expanding into new potential provinces. As a result, the company achieved sales of over 12,561 million Baht, with total revenue of 5,862 million Baht and a net profit of 1,195 million Baht while continuing to offer attractive dividends to reward shareholder trust,” Mr. Teeradech stated.

The top three projects that excelled in transferring ownership in 2023 were primarily single-detached houses located in the eastern and western parts of Bangkok, including Grand Britania Wongwaen-Ramintra, Belgravia Bangna-Rama 9, and Grand Britania Ratchaphruek-Rama 5.

Mr. Teeradech further commented that the housing development business in 2024 is expected to see purchasing power in the segment below 3 million Baht not fully recovering. Financial institutions are still quite strict in lending to this market segment. Therefore, the potential market this year will focus on the middle to high-end segment, particularly for properties priced from 10 million Baht and above. However, in the second half of the year, the overall market situation is expected to improve gradually due to potential policy interest rate cuts and possible measures to support real estate purchases, which would positively impact consumer purchasing power.

In 2024, the company plans to launch a total of 20 new projects with a combined value of over 17 billion Baht, focusing on single-detached and twin houses under the Belgravia brand priced above 20 million Baht and the Grand Britania brand priced above 10 million Baht to align with the market conditions where this customer group still possesses strong purchasing power in various locations. At the same time, the company will diversify its portfolio into six provinces outside Bangkok and its vicinity, including Chonburi, Rayong, Nakhon Ratchasima, Ubon Ratchathani, Udon Thani, and Khon Kaen.

For the first half of 2024, the company will pilot seven new projects with a total value of 7,350 million Baht, including 1. Belgravia Exclusive Ratchaphruek-Rama 5, 2. Belgravia Exclusive Pinklao-Boromrajonani, 3. Britania Westgate, 4. Britania Ratchaphruek 345, 5. Grand Britania Rama 9 – Motorway, 6. Grand Britania Rayong, and 7. Branded Residences Villa Khao Yai, highlighting the Belgravia brand that offers houses on land over 100 square wah with usable space up to 600 square meters and limited units.

Meanwhile, the company will continue its plan “Crafting for Everlasting Growth”, focusing on sustainable growth with three strategies: 1. Sustainable Growth Crafting to ensure business sustainability by diversifying growth across various segments; 2. Happiness Crafting to create a brand of happiness with various innovations and services within homes, such as Air Crafting and Britania Craft Services, providing cleaning, ozone treatment, air conditioning maintenance, garden care, and electrical and plumbing system checks within homes for free for up to three years; and 3. Craft B Best for All to create the best for society, focusing on sustainability for communities, society, and the environment both within and outside projects, such as advancing the Craft Park project, waste management, converting food waste into fertilizer, and donating unused items to various foundations.

Britania Public Company Limited (BRI) is a developer of housing projects under the concept CRAFT a life you love, aiming to provide the best living experience. The company develops single-detached houses, new series houses, and townhomes covering all consumer segments under five brands: 1. Belgravia for luxury single-detached houses priced between 20-50 million Baht; 2. Grand Britania for high-end single-detached and twin houses priced between 8-20 million Baht; 3. Britania for mid-end single-detached, twin houses, and townhomes priced between 4-8 million Baht; 4. Brighton for entry-level twin houses and townhomes priced between 2.5-4 million Baht; and 5. Branded Residences Villa for luxury vacation homes priced between 19-60 million Baht. As of the end of 2023, the company has developed a total of 42 projects with a cumulative project value of 53,772 million Baht.