Supalai Public Company Limited has announced its financial results for the year 2024, achieving a leading position with total revenue of 31.985 billion baht and a net profit of 6.190 billion baht. This reflects the company's capability in challenging circumstances and reinforces its business plan for 2025, which anticipates positive signals for continued growth in both condominium and horizontal property markets. The company aims to expand its real estate market with 36 new projects covering Bangkok, its suburbs, and regional areas, while enhancing investment potential abroad.

Mr. Traitecha Tangmattatham, Managing Director of Supalai Public Company Limited, stated that the overall operations in 2024 were another challenging year. However, the company maintained stable growth with strong financial capabilities, launching as many as 41 new projects valued at 52.38 billion baht, generating total sales of 26.743 billion baht. This includes sales from condominium projects of 9.876 billion baht and horizontal projects of 16.867 billion baht. The satisfactory growth in performance resulted in total revenue of 31.985 billion baht and a net profit of 6.190 billion baht, primarily from launching horizontal and condominium projects targeting all customer segments across various areas. Popular locations that generated high sales include Bangkok and its suburbs, Phuket, Chonburi, and Chiang Mai. Additionally, five completed condominiums ready for delivery, valued at over 16.230 billion baht, continue to recognize revenue steadily, including Supalai Icon Sathorn, Supalai Premier Samsen-Ratchawat, Supalai Loft Phasi Charoen Station, City Home Sanambinnam-Rattanathibet, and Supalai City Home Rayong. This has resulted in a 12% growth in assets and a 5% growth in shareholders' equity, with a debt-to-equity ratio of only 54% and an average financing cost of 2.86% as of December 31, 2024. The company also has a backlog of approximately 11.535 billion baht as of December 31, 2024, to support future revenue growth.

In light of the growth in revenue and profits, the company's board of directors has approved a dividend payment for the fiscal year 2024 to shareholders at a rate of 1.45 baht per share. An interim dividend of 0.60 baht per share has already been paid, with a remaining dividend for the last six months of 2024 at 0.85 baht per share. The record date for dividend entitlement (XD) is set for May 7, 2025, with the payment date on May 20, 2025.

For 2025, the company is enhancing its management capabilities and focusing on proactive strategies to drive sales towards its targets. It plans to launch a total of 36 new projects valued at 46 billion baht, consisting of 28 horizontal projects and 8 condominium projects. The company will also enter new markets in provinces such as Lopburi, Suphanburi, and Koh Samui, confident in their continuous growth rates. The company emphasizes long-term investments, resulting in an increase in sales proportion from provinces to 43% of the total sales target. Additionally, more condominium projects will be launched compared to the previous year to meet customer demand, which will help boost sales to reach the targets. Highlights of new projects in the past two months have received excellent responses from customers, particularly the new Luxury series single houses Romantic Charm with the Supalai Prima Villa project on Uthayan Road and the Supalai Pride Anusawari-Paklok project in Phuket, which has achieved over 700 million baht in sales, reflecting the strong real demand in the market. Furthermore, the company is preparing marketing campaigns to offer special deals to customers.

The success in 2024 presents a challenging task and serves as a driving force for the company to remain committed to developing its business strategies towards its set goals, proving the organization's strength and readiness to adapt quickly.