Univentures Public Company Limited  (UV) has announced its business performance for the fiscal year 2018 (from October 1, 2017, to September 30, 2018), reporting total revenue of 20.994 billion baht, a 16% increase compared to the same period in 2017, with a net profit attributable to the company of 1.006 billion baht. The company aims for a primary revenue target of over 25.8 billion baht for the fiscal year 2019 (from October 1, 2018, to September 30, 2019) and plans to launch over 31 new projects this year while strengthening its business for sustainable growth.

 

          Mr. Worawart Srisuan, CEO of Univentures Public Company Limited discussed the company's overall business performance for 2018, stating that the company achieved total revenue of 20.994 billion baht, with revenue contributions from residential property sales at 16.812 billion baht, rental properties and hotels at 1.688 billion baht, other businesses (including zinc oxide) at 2.373 billion baht, and other income at 121 million baht, resulting in a net profit of 1.006 billion baht.

          “In the fiscal year 2018, the primary revenue came from residential property sales, both horizontal and vertical, which are part of the investment and property development business. Revenue from horizontal projects was 14.053 billion baht, derived from 38 projects under the Thang Luang Group, while revenue from vertical projects was 2.759 billion baht from 8 projects of Grand Unity Development Co., Ltd. or GRAND UNITY.

          Additionally, as of December 31, 2018, the company had a total backlog of 10.2 billion baht, comprising 7 billion baht from horizontal projects and 3.2 billion baht from vertical projects, which will recognize revenue in 2019 amounting to 9.7 billion baht (7 billion from horizontal and 2.7 billion from vertical), representing 45% of the property sales revenue target for 2019 of 21.4 billion baht.

          In 2019, the company plans to launch over 25 new horizontal projects valued at approximately 28.6 billion baht and 6 new vertical projects with a project value of no less than 9.6 billion baht,” Mr. Worawart stated.

 

          Mr. Worawart further stated that for the fiscal year 2019, the company aims for a primary revenue target of 25.8 billion baht, with approximately 83% of the revenue coming from residential property sales, with about 70% from horizontal projects and about 13% from vertical projects. Revenue from rental properties and hotels is expected to be around 7%, while other businesses (including zinc oxide) will contribute about 10%.”

          Recently, during the annual general meeting for 2019, shareholders of UV and GOLD approved the issuance and offering of additional bonds not exceeding 5 billion baht (2 billion baht for UV and 3 billion baht for GOLD).

 

          In 2019, the company will continue to focus on strengthening its overall operations for efficiency and readiness to drive the organization towards sustainable growth, emphasizing the implementation of its three-year core strategy (Core Strategy 2018 - 2020) across five key areas. This includes “Optimization” of the diversity we have to enhance efficiency. Recently, the zinc oxide business has grown by 30% compared to last year, marking its best growth yet, and is currently operating at full capacity while planning to increase production capacity to meet the rising demand. “Diversification” into new project types beyond single houses or condominiums, such as the recent investment in hotel development in Buriram province under the name Modena, as well as diversifying into various services beyond products for sale or rent, such as having a professional company for asset management or property management, employing brokers for rental management or value creation, and providing comprehensive services during the preparation and construction phases for maximum efficiency.

 

          The company also emphasizes a comprehensive view of the “Supply Chain” to leverage and strengthen the organization and business operations, continuously analyzing and seeking the right opportunities throughout the journey, based on key Entry Points and Exit Points, alongside “Synergy” in businesses covering real estate, such as projects with Forward System Co., Ltd. and Aheadall Company Limited, which sell system works into projects, along with the most crucial aspect, “Opportunistic Investment” to drive opportunities and be ready to seize new tangible opportunities, such as investing in Stonehenge International Public Company Limited (STI), which is involved in project management, construction management, and structural architectural design, showing satisfactory overall performance with continuous growth in revenue recognition, increasing by approximately 10% per year.

 

          “In addition to growth in terms of financial results, we also aim to strengthen our management while emphasizing management in all aspects, including conducting business based on transparency, good corporate governance principles, and responsibility towards stakeholders, society, and the environment. We have consistently received confirmation of our quality from various agencies. In the fiscal year 2018, the company strictly complied with relevant business laws and has adapted the Corporate Governance Code (CG Code) for listed companies of 2017 from the Securities and Exchange Commission to align with the business and context of the group appropriately. The company has reviewed and improved its charter, policies, and business ethics, as well as implemented various actions to comply with the CG Code practices and the guidelines of the Corporate Governance Report of Thai Listed Companies (CGR), resulting in the company receiving a “Excellent” rating in the corporate governance survey for listed companies for the third consecutive year and achieving a score of 99 in the evaluation of the quality of the annual general meeting of shareholders for 2018.

 

          Furthermore, the company has recently declared its intention to join the fight against corruption in the Thai private sector's collective action against corruption, aiming to apply for certification as a member of the Thai private sector's collective action against corruption from the Thai private sector's collective action against corruption committee within the specified timeframe. With the overall development in this regard, we are confident that we will celebrate our 40th anniversary in business in 2020 with strength and sustainability,” Mr. Worawart concluded.

 

 

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