Bangkok <\/strong>– All Inspire Development Public Company Limited (ALL) has followed its plan and reported its first half results, achieving a profit of 213 million baht, an increase of 29% compared to the same period last year (YoY). Total revenue reached 1,692 million baht, up 49% YoY. The impressive results in the first half were driven by property transfers from four projects, two more than the same period last year, totaling 1,619 million baht. For the second quarter of 2019 (ending June 30, 2019), the company reported a profit of 116 million baht, a 44% increase YoY, while total revenue was 840 million baht, also up 49% YoY. CEO Thanakorn Thanavarith revealed that in the second half of the year, the company plans to aggressively launch new projects following the success of The Excel Ladprao - Sutthisan project, with a total project value of 12.5 billion baht. The current backlog stands at 8 billion baht, and the company is confident that total revenue will reach 4.5 billion baht for the year. <\/strong>         <\/p>

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           Mr. Thanakorn Thanavarith, CEO of All Inspire Development Public Company Limited <\/span><\/strong>(Public) or ALL <\/strong><\/span> is a provider of various types of residential real estate solutions to meet the needs of all customer segments (Total Real Estate Solutions). He disclosed that for the first six months of 2019, the group achieved total revenue of 1,692 million baht, an increase of 555 million baht or 49% compared to the same period last year, which had total revenue of 1,137 million baht. The net profit was 213 million baht, an increase of 48 million baht or 29% compared to last year’s net profit of 165 million baht, with a gross profit of 628 million baht, representing a gross profit margin of 38%. This was due to significant revenue recognition from the transfer of four projects valued at a total of 1,619 million baht, including The Excel Groove valued at 12 million baht, The Excel Khukhot valued at 189 million baht, Rise Rama 9 valued at 1,101 million baht, Hue valued at 16 million baht, and The Vision Ladprao – Nawamin valued at 146 million baht, along with additional income from the sale of land and buildings totaling 155 million baht.<\/p>

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           In the second quarter of 2019, ending June 30, 2019, the group achieved total revenue of 839 million baht, an increase of 277 million baht or 49% compared to last year’s revenue of 562 million baht. The net profit was 116 million baht, an increase of 35 million baht or 44% compared to last year’s net profit of 81 million baht, with a gross profit of 331 million baht, representing a gross profit margin of 41%. This was due to revenue recognition from the transfer of three projects: The Excel Khukhot, Rise Rama 9, and The Vision Ladprao – Nawamin.            <\/p>

           “The strong growth in performance during the first half of the year reflects the company’s management potential, focusing on developing condominium projects along the subway lines to genuinely reach the Real Demand segment. This has resulted in positive consumer responses to our projects, with a backlog of approximately 8 billion baht, which will be recognized continuously over the next 2-3 years (2019-2021),” said Mr. Thanakorn.<\/p>

           The CEO of All Inspire Development Public Company Limited (<\/span><\/strong>ALL)<\/span> <\/strong>discussed the overall business outlook for the second half of 2019, stating that the company remains committed to continuously developing new projects, focusing on locations along the subway lines, and preparing to launch condominium projects targeting the Real Demand segment after the successful launch of The Excel Ladprao - Sutthisan project earlier in August, which saw customers rush to book sales exceeding 850 million baht, accounting for over 70% of the project value of 1.2 billion baht. Thus, with the strategic planning in place, the company is on track to achieve its growth target of 4.5 billion baht this year.   <\/p>

           “In the second half of 2019, the company will have three new completed projects with a total project value of over 5 billion baht, all of which have continued strong sales. These include: 1. The Vision Ladprao - Nawamin project valued at 1.4 billion baht, which will start handovers from the second quarter of 2019; 2. Impression Phuket project valued at 2 billion baht, which will start handovers from the fourth quarter of 2019; and 3. The Excel Hideaway Sukhumvit 71 project valued at 1.6 billion baht, which will start handovers from the fourth quarter of 2019,” Mr. Thanakorn concluded.<\/p>

Thank you for the information from www.allinspire.co.th<\/a><\/p>