First Time! Sansiri Ranks No. 1 Among Leading Residential Real Estate Companies in Thailand from Fortune Southeast Asia 500 by Fortune Magazine
- This is the first time that Fortune magazine has ranked the <\/span>500 <\/span>largest companies in the Southeast Asian region, and Sansiri is ranked <\/strong><\/span>1 <\/span><\/strong> in the residential real estate sector in Thailand <\/span><\/strong>
- This reflects top-level growth in the country, <\/span>reinforcing strength as it approaches year <\/span><\/strong>40 <\/strong> with “RESILIENT GROWTH” <\/strong>, the number 1 real estate brand leading in design and service quality.<\/span>
- Thank you to investors, partners, and customers who are essential to this success.<\/strong> We are moving forward into 2024 to create sustainable growth, launching 46 new projects worth 61 billion baht (the highest in the residential real estate sector).<\/li>
Sansiri Public Company Limited (SIRI), the number 1 real estate brand leading in design and service quality, has been ranked as one of the <\/strong>Fortune Southeast Asia <\/strong> 500 inaugural edition, which ranks the 500 most successful companies in Southeast Asia by Fortune magazine (<\/strong>Fortune)<\/strong>, a leading global business media outlet. This ranking considers the company's revenue from the financial statements for the fiscal year 2023, with Sansiri ranked <\/strong>249 <\/strong> in Southeast Asia, <\/strong>46 <\/strong> in Thailand, and <\/strong>1 <\/strong> in the residential real estate sector in Thailand.<\/strong>
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Sansiri would like to thank investors, partners, and customers who are crucial to this success, as well as <\/span>Fortune <\/span>magazine for recognizing companies in Southeast Asia, a region experiencing rapid economic growth and playing a significant role in the global economy. Many companies in the <\/span>Fortune Global 500 <\/span>have begun relocating their production bases, investments, and supply chains to this region. Additionally, the Southeast Asian region has a relatively young population with continuous population growth, making it an attractive market.<\/span>
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In 2023, Sansiri achieved effective operational results with a net profit of <\/span>6,060 <\/span>million baht, the highest in its history since its establishment 40 years ago, or <\/span>ALL-TIME HIGH.<\/span> This represents a 42% increase from 2022, with a net profit margin of <\/span>15.5%<\/span>, setting a new record. It is the company with the highest net profit growth rate in the residential real estate sector. Additionally, total revenue also reached a new record high of 39,082 million baht, a 12% increase from the previous year, driven by the launch of new projects in both horizontal and vertical developments, particularly in single-detached houses where Sansiri leads the luxury real estate market with continuous transfers.<\/p>
This success reflects the confidence of investors and customers, and Sansiri will continue to focus on business development while prioritizing social responsibility and environmental sustainability <\/span><\/strong>to maintain sustainable growth levels <\/span><\/strong>amid challenging circumstances. We will proceed according to our business plan with a target of launching 46 new projects worth 61 billion baht (the highest in the residential real estate sector).<\/span>