Ananda Development Public Company Limited (ANAN), a leader in urban residential development and the top market player in condominium projects near electric train stations, has announced its Q1/2567 performance, showing a positive signal with a net profit of over 199 million, an increase of 475%. The company achieved sales of 5,211 million baht and transfers of 3,344 million baht, demonstrating its commitment to continuous growth and adherence to its 2567 business plan.

Mr. Limlee Tippongprapas, Chief Financial Officer of Ananda Development Public Company Limited (ANAN), stated that the company continues to lead the market for condominiums near electric train stations, effectively reaching and understanding urban customers. The Q1/2567 results were satisfactory, showing signs of improvement with a net profit of over 199 million baht, a 475% increase compared to the same period last year. This growth was primarily driven by a 337% increase in real estate revenue, mainly due to transfers in ready-to-move projects such as Ideo Chula-Samyan, Coco Park, Artel Asoke-Rama 9, and Ashton Residence 41, along with a 44% reduction in financial expenses compared to the previous year, attributed to the repayment of bonds totaling 3,825.3 million baht in January 2567.

Additionally, in Q1 2567, Ananda achieved sales of 5,211 million baht, an 11% growth compared to the previous quarter, with transfers amounting to 3,344 million baht, including foreign customer sales of 1,215 million baht, a 150% increase compared to the same period last year. This is notable against the backdrop of an 8% growth in foreign transfers in the Bangkok and surrounding real estate market compared to the previous year.

For 2567, the company is set to continue its new business plan, focusing on sustained growth, ensuring product and service quality, and developing housing for urban living to support long-term growth and achieve its targets by launching 7 new projects valued at over 18,608 million baht, including 2 flagship condominium projects in collaboration with leading global partners and 5 horizontal projects in prime locations. Furthermore, the company aims to close sales on 8 projects, both condominiums and horizontal developments, valued at over 19,962 million baht, while building confidence among investors and shareholders who trust in the company's management capabilities, with plans to repay the next bond installment of 3,231 million baht due in July 2567.

The company remains committed to developing projects that meet customer demands across all segments, offering ready-to-move-in condominiums, houses, and townhomes in prime locations to support its continuous growth. This year, the company announced a significant push into international markets in the Thai real estate sector, launching a marketing campaign with over 13 ready-to-move projects in the best locations throughout Bangkok, perfectly catering to diverse lifestyles. The company plans to roadshow in several countries, including China, Taiwan, Hong Kong, India, Myanmar, Singapore, Vietnam, and Indonesia, targeting real estate investors and those seeking a second home, anticipating a strong response due to the attractiveness and potential of the projects as well as the vibrant Thai real estate market appealing to foreign investors.