Ms. Athika Boonrodchu, Assistant Managing Director of Finance and Investment at SENA Development Public Company Limited or SENA, revealed the company's financial performance for the fiscal year 2023, stating that this year, all business segments generated a total revenue of 8,450.87 million baht, comprising:

  • Revenue from property sales: 5,901.43 million baht
  • Rental properties: 131.00 million baht
  • Project management and other services: 1,448.25 million baht
  • Clean energy-related businesses: 695.05 million baht
  • Other income: 275.15 million baht

The total sales from the real estate business for the year reached 14,326 million baht, with property sales accounting for 12,447 million baht. Currently, there are 548 units contracted from LivNex, valued at 1,032 million baht, which are expected to gradually convert into ownership transfers within three years from now.

Considering the overall gross profit margin, it is evident that this year, the company achieved an average gross profit margin of 36.34% across all business segments, an increase of 4.56% compared to the same period last year, where the gross profit margin was 31.78%. The increase in gross profit is primarily attributed to the profitability of the core business, namely property sales, which saw a 3.75% increase compared to the same period last year. Despite the volatile economic conditions, the company has maintained strong stability in its gross profit margin. At the end of the year, the company had a backlog of 6,764 million baht, with expected revenue recognition in 2024 of approximately 4,320 million baht, and inventory valued at 48,184 million baht, including ready-to-sell and transfer properties worth 16,452 million baht. Nevertheless, the company remains financially strong and effectively manages its debt burden, with a Net IBD/E ratio of 1.25 times.

This year, the company reported a net profit of 508.6 million baht, representing 15.3% of total revenue, which is a 14.9% increase compared to the same period last year. The company also announced good news for shareholders, considering the approval of a dividend payment for the operational results from January 1, 2023, to December 31, 2023, amounting to approximately 160,435,558 baht for the company's issued common shares totaling 1,442,272,937 shares, equating to a rate of 0.111238 baht/share. The proposed dividend consists of profits from the company's operations that received investment promotion from the Board of Investment (BOI) amounting to approximately 13,766,495.19 baht or 0.009545 baht/share, and profits from operations that did not receive investment promotion (NON-BOI) amounting to approximately 146,669,062.81 baht or 0.101693 baht/share. The company will withhold tax on the dividend income at the rate prescribed by law. The list of shareholders entitled to receive dividends will be determined on May 13, 2024, which is the Record Date, with dividend payments scheduled for May 23, 2024. However, this entitlement is still subject to uncertainty as it must be presented to the annual general meeting of shareholders in 2024 for further approval.

The company is confident in the potential of the real estate sector to continue progressing, and with its long-standing experience in the real estate industry and high financial discipline, it believes it can overcome economic challenges. It reaffirms its position as a leader in sustainable living, leveraging its expertise in the affordable housing market with high real demand, and providing opportunities for home ownership through the LivNex rent-to-own project, catering to customers who wish to own a home but need time to secure financing. This initiative has received positive interest and feedback, reinforcing the company's role in facilitating access to housing amidst changing economic conditions and consumer behavior.