Lalin Property Public Company Limited (LALIN) continues to show robust growth, outperforming the overall market. The company announced its third quarter results for the year 2017, demonstrating significant ongoing expansion with recognized revenue in the third quarter reaching 1,041.8 million baht, a 38% increase from the same period last year. This strong performance is complemented by effective cost management, resulting in a net profit of 204.3 million baht, up 44% from the previous year. For the first nine months, the company has recognized revenue of over 2.587 billion baht, an increase of 26.2%, with a net profit of 489 million baht, growing 27% compared to the same period last year.

        Mr. Chaiyan Chakarakul, CEO of Lalin Property Public Company Limited, a real estate developer under the concept of “Homes Built on Good Intentions,” stated that the company continues to grow at a high rate in the third quarter of 2017, with recognized revenue of 1,041.8 million baht, a 38% increase from the same period last year. The company has maintained effective cost management, resulting in a net profit of 204.3 million baht, up 44% from the previous year, despite a less favorable overall real estate market in 2017.

        Therefore, the company expects this year to be another year of growth exceeding the overall market, continuing from last year’s growth of about 30% from 2015. This year, the company aims for a growth target of 15%, with a revenue recognition goal of 3.1 billion baht. In the first nine months, the company has already recognized 83% of this target, amounting to 2.587 billion baht, an increase of 26.2%, with a net profit of 489 million baht, up 27% from the same period last year. Thus, the company is confident it will achieve its set targets this year.

        In addition to achieving strong revenue growth, the company has effectively managed various costs. In the first nine months, the gross profit margin has slightly increased to around 40%, while the management of selling and administrative expenses has improved, resulting in a selling and administrative expense ratio to sales (SG&A/Sales) of approximately 11.8%. Consequently, in the first nine months, the company has achieved a net profit of over 489 million baht, which is close to last year’s total net profit.

        In terms of business expansion, the company has launched a total of 6 new projects this year, with a total value exceeding 4 billion baht, and plans to open an additional 1-2 projects in the remaining months of the year. This is partly to replace previous projects that have been sold and closed, as well as to support the company’s stable growth. Although the company has expanded new projects worth over 4 billion baht this year, it maintains a strong financial structure, with manageable debt levels, diverse sources of loans, and fixed interest rates to control financial costs. As of the end of the third quarter of 2017, the company’s debt-to-equity ratio (D/E Ratio) stands at only 0.85, the same as at the end of 2016, and lower than the industry average of approximately 1.4.

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