Lalin Property Public Company Limited announced its Q2 2022 earnings with revenue recognition of 1.632 billion baht, a 3% increase from the previous quarter, but a slight decline of 2.5% compared to the same period last year. The company has maintained effective cost management despite rising global inflation, achieving a gross profit margin of 39.2%. Additionally, its management of selling and administrative expenses is better than the industry average, resulting in a net profit of 338.1 million baht for Q2 2022, representing a net profit margin of 20.7%.

The company's board of directors has approved an interim dividend payment to shareholders at a rate of 0.305 baht per share, an increase of 3.4% from the previous year's interim dividend. The Record Date for dividend eligibility is set for August 30, 2022, with payment scheduled for September 9, 2022. Based on the current stock price, this equates to an annual Dividend Yield of approximately 6.9%.

Mr. Churachart Chakrakul, Managing Director of Lalin Property Public Company Limited, a real estate developer under the concept of "Homes Built on Good Intentions," stated that 2022 has been another challenging year for business operations. Early in the year, several risk factors emerged, including geopolitical risks, the division of global powers, the war between Russia and Ukraine, and tensions between the U.S., China, and Taiwan. Additionally, the world is facing inflation risks, prompting central banks in many countries to raise interest rates to curb inflation. In Thailand, the Bank of Thailand's Monetary Policy Committee recently decided to increase the policy interest rate by 0.25%, with potential further increases in the remaining meetings of the year. However, it is believed that the Thai economy will improve in the latter half of the year, supported by the tourism sector as travel restrictions ease and private consumption is expected to continue growing.

For Lalin Property, the performance in the first six months of this year recorded revenue recognition of 3.218 billion baht, a 0.5% growth compared to the same period last year, while effectively managing costs amid rising inflation, maintaining a gross profit margin of 39.2%. The selling and administrative expenses to sales ratio (SG&A/Sales) stood at 9.6%, outperforming the industry average, resulting in a net profit of 665.7 million baht for the first half of the year, with a net profit margin of 20.7%.

Regarding business expansion, the company is confident that it will be able to expand and launch new projects as planned this year. So far, six new projects have been launched with a total value of over 5 billion baht, and preparations are underway to launch two additional projects in Q3 and another 1-2 projects in the final quarter of the year. Despite ongoing investments in recent years, the company has maintained strict financial risk management, utilizing diverse funding sources and retaining significant unused credit lines, along with a rapid business turnover, which has contributed to a strong financial position. As of the end of Q2, the debt-to-equity ratio (D/E Ratio) was only 0.58, lower than the industry average of approximately 1.38. Furthermore, the Net D/E ratio at the end of Q2 stood at just 0.23, reflecting low financial risk and the company's potential for future business expansion without liquidity issues.