Noble Development, led by a new management team, announced its strong performance for the year 2018, achieving earnings per share of 2.16 Baht, the third highest in the company's history. The net profit margin surpassed competitors in the same industry at 19.2%, while pre-sales for future projects increased by 148% in 2018.
Mr. Thongchai Busarapant, Chairman, Co-CEO, and Managing Director, stated, "With our strong performance in 2018 and the new management team's three-year strategic plan, the company is set to achieve its goal of exponential growth as planned."

The company's new strategy will focus on achieving significant targets, including total sales exceeding 30 billion Baht over the next three years and a doubling of return on equity to 30%. The company aims to maintain a debt-to-equity ratio of 1.5 times, with plans to achieve these results through revenue generated from residential and commercial projects currently in progress across seven projects. Additionally, the strategy includes increasing the proportion of projects in high-growth and high-demand segments, such as condominiums priced between 100,000 to 150,000 Baht per square meter, as well as optimizing the investment portfolio in land to enhance return potential. There will also be a focus on generating sales in international markets to ensure continuous strong revenue.

Mr. Frank Liang, Vice Chairman and Co-CEO, added, "In addition to the policies mentioned by Mr. Thongchai, the company has completed assets ready for sale and delivery valued at over 6 billion Baht and commercial space worth over 2.5 billion Baht. These assets are valued below current market prices and are free of liabilities. Accelerating revenue recognition from these assets will immediately boost our cash flow and create satisfactory net profit margins for the company."

"Under the new shareholder structure and the appointment of a new management team, Noble Development will leverage its experience and expertise in project development, combined with the strong reputation of the Noble brand and a loyal customer base, to develop new projects in city centers and along the subway lines. Together with the strength of our international marketing management base from Fulcrum Global, we are confident that Noble will emerge as a leader in this industry," he said.

Mr. Frank Liang further stated, "In the first quarter of 2018, the company achieved significant success in international markets, with bookings in the first quarter reaching 60% of total bookings for the entire year. This has resulted in Noble's market share growing from 8% in 2018 to over 28% in this quarter, reinforcing our strong position as a leader in international markets, which has led to a more than 75% increase in pre-sales for projects under construction."

Finally, Mr. Thongchai added about future investment plans, stating, "For upcoming projects, the company will selectively acquire land in high-potential locations near subway stations, with a budget of 3 billion Baht per year for additional land purchases."

Thank you for the information from www.noblehome.com