Property Perfect Signals Continued Growth in the Second Half of the Year Expecting to generate another 15 billion, bringing total revenue for this year to 25 billion from strong operational performance, land sales, and investments, with a goal to reduce debt by 5 billion by early 2020

          Ms. Sirirat Wongwattana, Chief Financial Officer of Property Perfect Public Company Limited, revealed that the company's operational plan for the second half of 2019 aims for continued revenue growth from the first half, expecting to generate an additional 15 billion baht, up from the first half's total revenue of 10 billion baht, resulting in total revenue for this year of 25 billion baht.

          “The revenue in the second half will not only come from strong operational performance but also from land sales and investments. The company will recognize revenue from ongoing projects, including 6 billion baht from horizontal projects and 6 billion baht from condominium projects, which includes the highly successful 'Yu Kiroro' condominium in Japan, with ownership transfers starting in December valued at 1.9 billion baht. Additionally, the company expects to generate around 1 billion baht from land sales and investments, along with 2 billion baht from hotel and other businesses. As of the end of the second quarter, the company has a backlog of 4.797 billion baht for the second half, giving us great confidence in achieving our revenue targets,”

          With continued strong performance and planned land sales and investments, the company will be able to quickly reduce its debt burden, aiming to decrease debt by 5 billion baht by early 2020. This will enhance the company's credit rating, leading to lower interest rates on new bonds issued, benefiting future bond issuances.

“The bonds being offered from September 23-25 are intended to repay existing debt, so they will not increase the company's debt burden in any way,”

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