Dr. Vichian Patiyanan, Chief Executive Officer of Chao Phraya Mahakarn Public Company Limited (CMC) stated, "This year reaffirms our confidence in overcoming all challenges. Despite the ongoing impact of the COVID-19 crisis, CMC's performance in the real estate sector has continued to grow for the third consecutive year, thanks to strong cost management and reduced marketing expenses. As a result, last year, CMC achieved increased revenue from real estate development, bolstered by the introduction of new business lines, enhancing the company's long-term growth potential.

For the fiscal year 2021, the company reported total revenue of 1,212 million baht, with earnings before interest and taxes (EBIT) up 21% from the previous year, including real estate sales revenue of 1,050 million baht. The company also recorded a net profit of 44 million baht. Additionally, CMC has a backlog of property sales valued at over 2,130 million baht. The company also has an inventory of unsold units worth over 4,511 million baht, while new projects launched this year are valued at over 6 billion baht." The company's board of directors has approved the payment of an annual dividend for 2021 at a rate of 0.04 baht per share, totaling over 41 million baht, as Chao Phraya Mahakarn Public Company Limited reported a standalone profit of 69 million baht, and is preparing to issue bonds to expand its investment base in real estate projects to strengthen sustainable growth.

Moreover, the diversification into new business lines generating recurring income in 2021-2022 is a crucial factor supporting the company's overall revenue growth, particularly in the hotel and service sector managed by C2H, which is expected to see bright revenue growth as anticipated. The company is also collaborating with leading partners to establish itself as a trusted "First Choice" in the hotel and service industry. In the medical and health sector, managed by Teledoc, the response has been positive with the import of COVID-19 ATK test kits, and plans are underway to import other medical equipment such as PM 2.5 dust removal devices, flu vaccines, and medical hoses. The next phase will involve investments in specialized medical fields, along with service businesses that will enhance the company's overall revenue, including rental services and construction equipment services, as well as cleaning services. By 2023-2024, a clearer picture of the new business direction is expected.

Nevertheless, CMC continues to innovate to enhance living quality by adjusting construction management to develop green projects, structuring cost analysis for design and construction, focusing on living quality within a good environment, and maintaining a balance between life and nature for a happy lifestyle in the Next Normal era. The company is also piloting innovations to improve the quality of life for residents in six new projects set to launch in 2022, with a total project value of over 6 billion baht, focusing on developments in Bangkok and its vicinity, close to nature, targeting health-conscious real demand groups in areas such as Suksawat, Rangsit, Rama 2, Pak Nam-Samut Prakan, Nawamin, and Pinklao.

By shifting its strategic plan from real estate development to new business lines for consistent revenue generation, CMC aims to develop housing alongside improving the quality of life and environmental health for residents and society sustainably. This will create a new dimension for CMC and reinforce its position as a leading real estate developer in Thailand," Dr. Vichian concluded.