Mr. Sitthiporn Rattanaporn, Chief Financial Officer of JSP Property Public Company Limited (JSP), announced the company's outstanding performance for the 9-month period of 60, achieving record-high growth. The company reported total revenue of 3,391.02 million baht, an increase from 1,677.24 million baht in the same period last year, representing a growth of 102.18%. The net profit stood at 30.74 million baht. In the third quarter of 60, total revenue was 1,259.94 million baht, up from 474.29 million baht in the same period last year, reflecting a growth of 165.65%. However, the company reported a net loss of 23.94 million baht due to rental income performance and losses from investments in joint ventures, as it was still in the early years of operation and had not yet reached the threshold for revenue recognition.

          For the third quarter of 2560 and the third quarter of 2559, the company and its subsidiaries transferred ownership of 602 units and 316 units, respectively. In the third quarter of 60, revenue from property sales was 1,211.23 million baht, compared to 452.20 million baht in the same period last year, an increase of 759.03 million baht or 167.85%. Revenue from rental and services for the third quarter of 60 was 30.43 million baht, accounting for 2.42% of total revenue, an increase from 18.21 million baht in the same period last year.

          The growth in performance is attributed to the continuous recognition of revenue from ownership transfers from horizontal projects, including JSP City Sukhumvit-Praksa, Rangsit Klong 1 Bang Pakong-Ban Pho, Tiwanon-Bang Kradi, and J Grand (Sathorn-Kalpaphruek). This has resulted in performance exceeding expectations. The total value of new contracts in the past 9 months reached 4,298.59 million baht. However, in the last quarter, the company adjusted the selling prices of successful horizontal projects to align with performance targets.

          Looking ahead to the business direction in Q4/60, growth is expected to continue positively and align with set targets for ownership transfers, sales, and transfers. The company has adjusted its strategy to delay the launch of new projects while focusing on managing and clearing inventory of horizontal projects to increase sales and expedite transfers. Key projects the company will focus on include J City Assumption-Sriracha, J City Rattanathibet-Bang Bua Thong, J Villa Wongwaen Bang Yai, and J City Rattanathibet-Bang Bua Thong, with a total project value exceeding 14,000 million baht. Currently, the company has a backlog of over 4,000 million baht, which is expected to generate revenue of approximately 4,500 to 5,000 million baht this year, with the remainder to be recognized in early 2561. The company is confident it will achieve annual revenue of 5,000 million baht, representing growth of no less than 20% as targeted.

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