Frasers Property Thailand Holds Annual General Meeting for 2023, Announces Dividend of 0.31 Baht per Share
Frasers Property (Thailand) Public Company Limited, or "FPT", is a comprehensive real estate leader with a portfolio covering residential, industrial, and commercial properties. The company's board convened the annual general meeting for 2023 to report on the operational results for the fiscal year 2022 (October 2022 - September 2023), which showed continued growth with a net total revenue of 14.566 billion Baht, a decrease of 13.3% from the previous year, resulting in a net profit of 1.467 billion Baht, equivalent to a net profit margin of 10.1% of total revenue. Although the residential sector faced challenges due to economic factors, the company maintained stable performance thanks to its diverse business operations, including factories, warehouses, hotels, retail spaces, and Grade A office buildings, which generated strong rental income with an average occupancy rate of 90%. During the annual general meeting for 2023, FPT announced a dividend payment of 0.31 Baht per share, to be paid to shareholders on February 11, 2024.
FPT remains committed to maintaining and improving its performance while considering all stakeholders continuously, in line with its mission to create inspiring experiences and places for good. The company is also advancing its operations in accordance with its sustainability policy, having received sustainability certifications from leading organizations both in Thailand and internationally. Recently, FPT became the first real estate company in Thailand to be certified for its Net Zero carbon emissions target, covering scopes 1, 2, and 3 by 2050 from The Science Based Targets Initiative (SBTi). Additionally, the company has been rated AA for sustainable stock by the SET ESG Rating of the Stock Exchange of Thailand and has received a "Excellent" or 5-star rating for corporate governance (CGR) for five consecutive years from the Thai Institute of Directors Association (IOD). Furthermore, FPT has achieved the highest “A” rating for sustainability disclosure from GRESB (Global Real Estate Sustainability Benchmark), reflecting its commitment to conducting business sustainably and transparently in all dimensions.