Lalin Property has announced its 2021 financial results, reporting revenue of 6,589.58 million baht, a growth of 14.3%, and a net profit of 1,389.21 million baht, an increase of 14.9%, along with a total dividend payout of 0.63 baht per share for the 2021 fiscal year.

Lalin Property Public Company Limited reported strong growth in its 2021 financial results, outperforming the overall industry for the sixth consecutive year. In 2021, the company recorded revenue of 6,589.58 million baht, a 14.3% increase from the previous year, with a net profit of 1,389.21 million baht, reflecting a 14.9% growth compared to the previous year's normal operating profit. The company maintained a strong financial position and proposed a total dividend of 0.63 baht per share based on its 2021 performance.

Mr. Churachart Chakrakul, Managing Director of Lalin Property Public Company Limited, a real estate developer under the concept of "homes built on good intentions," commented on the 2021 results, stating that despite a challenging market environment with various factors such as the global Delta variant outbreak, weakened consumer purchasing power, rising household debt-to-GDP ratios, and increasing global inflation leading to the Fed's accelerated QE tapering and interest rate hikes, the company achieved better-than-expected results. The total revenue for 2021 was 6,589.58 million baht, marking six consecutive years of growth. Despite a decline in demand and rising construction costs, the company effectively managed its operations, maintaining a gross profit margin of 39.1%, higher than the industry benchmark of around 31-32%. The management of selling and administrative costs was also efficient, with the SG&A to revenue ratio improving to 9.1%, resulting in a net profit of 1,389.21 million baht, a 14.9% increase compared to the previous year's normal operating profit, with a net profit margin of 21.1%, outperforming the industry average of around 11%.

In 2021, the company successfully expanded its new projects, achieving its target of 9 projects valued at over 6,000 million baht. For 2022, the company plans to continue expanding with an additional 10 to 12 projects valued at 7,000 to 8,000 million baht. The company has maintained a strong financial liquidity management, with a debt-to-equity ratio (D/E Ratio) of only 0.60 at the end of 2021, lower than the industry average of around 1.4. The net debt-to-equity ratio at the end of 2021 was only 0.22, down from 0.31 the previous year, reflecting a strong financial position, business expansion potential without liquidity issues, and low financial risk, especially in a tightening financial environment.

The company's board of directors has approved the allocation of profits for 2021 to shareholders, proposing a total dividend payout of 0.63 baht per share. Based on the current stock price, this represents a dividend yield of approximately 5.7%. The company has already paid an interim dividend of 0.295 baht, leaving an additional payment of 0.335 baht per share. The list of shareholders entitled to receive dividends will be determined on March 16, 2022 (with the XD mark on March 15, 2022), and dividends will be paid on May 13, 2022. This dividend proposal will be presented at the upcoming 2022 Annual General Meeting of Shareholders in April.