Univentures Public Company Limited (UV) has announced its financial results for the first 9 months of 2017, reporting total revenue of 13,741.3 million baht from 44 projects, reflecting a 9% increase compared to the same period last year.

Mr. Worawart Srisaan, the CEO of Univentures Public Company Limited (UV), stated that the financial results for the first 9 months of 2017 show total revenue of 13,741.3 million baht, an increase of 1,122.0 million baht or a growth of 9% compared to the same period last year. The main revenue source comes from the real estate for sale segment, amounting to 11,026.8 million baht, which accounts for 80% of total revenue. This includes revenue from high-rise projects valued at 2,957.0 million baht and from low-rise projects valued at 8,069.8 million baht.

“Currently, the company has a total backlog of 4,651.1 million baht, divided into low-rise projects worth 4,054.3 million baht and high-rise projects worth 596.8 million baht. The backlog for high-rise projects is a result of the successful campaign measure ‘Freeze Your Installments’, allowing customers to live rent-free for 3 years. Customers have responded positively to this campaign, enabling the successful sale of the U-Campus Rangsit-Mueang Ake project,” he added.

“Additionally, revenue from the zinc oxide production business amounted to 1,161.3 million baht, accounting for 8% of total revenue with sales of 12,164 metric tons. The remaining 12% of total revenue comes from rental real estate, hotel businesses, and others. This year, the company has successfully acquired land for developing high-rise projects in locations within 300 meters of the BTS stations, securing land according to the planned budget of 2,700 million baht,” Mr. Worawart concluded.

Thank you for the information from www.univentures.co.th