A5 has revealed its 9-month earnings, achieving a total revenue of 1,478.87 million baht and a profit of 488.89 million baht, reflecting a growth of 40.59%. Looking ahead to Q4/67, the company anticipates strong growth as the luxury real estate market remains vibrant, confident in continuous revenue growth while preparing to launch a new project, Cinq Royal The Eighteen Bangna KM.7, within Q4/67.

Mr. Supachok Panjathas, CEO of Asset Five Group Public Company Limited (A5), a leader in the development of luxury horizontal and vertical real estate, disclosed that the 9-month financial results for 2023 showed total revenue of 1,478.87 million baht, an increase from 1,095.82 million baht in the same period last year, representing a growth of 34.95%. The profit reached 488.89 million baht, up from 347.72 million baht last year, an increase of 40.59%.

For the third quarter of 2023, total revenue was 558.59 million baht, up from 427.53 million baht in the same period last year, an increase of 30.65%. The profit was 178.79 million baht, also showing growth compared to the previous year.

Both the 9-month results and the third quarter results for 2023 showed growth in both revenue and profit, primarily due to the recognition of ownership transfer from the CINQ ROYAL Krungthep Kreetha project. Meanwhile, the VANA Ratchapruek-Westville project has already sold over 70% of the currently available phase.

The company has a backlog of sales awaiting transfer across all projects valued at 900 million baht, which will gradually contribute to revenue recognition starting from Q4/67 onwards, helping to sustain the company's growth.

Looking ahead to Q4/67, the company expects to continue on a positive trajectory as the real estate market is active, particularly in the luxury segment, which continues to see strong demand. The company is moving forward with plans to launch the CINQ ROYAL The Eighteen Bangna KM.7 project, a luxurious three-story mansion that builds on the success of the Krungthep Kreetha location, situated on the only golf course land in the Bangna area, offering privacy with only 18 units available, priced from 75 to 200 million baht, within Q4/67. This will contribute to strong growth for the company.

“The company remains committed to managing and developing projects that meet the demands for location, quality, and design to maintain our Real Demand customer base, which consists of buyers not affected by the economic slowdown. The sales figures for various projects currently affirm the positive market response,” Mr. Supachok stated.