Siamese Asset Public Company Limited (SA) has delivered impressive results for Q1/67, achieving revenue of 1,174 million baht, a remarkable increase of 140.58%. The company reported a net profit of 115.91 million baht, up 56.46% from the previous year, driven by significant project transfers from the Landmark @ MRTA Station and successful revenue diversification into service businesses. CEO Khajornsit Singserm revealed that this year's strategy focuses on hotel and service businesses to support the recovery of tourism, while also developing housing for the elderly and innovating technology for sustainable living, aligning with green real estate initiatives to ensure sustainable growth.

Khajornsit Singserm, CEO of Siamese Asset Public Company Limited (SA), a comprehensive real estate developer under the concept of "Asset of Life, generating profits for every aspect of life," disclosed that the group's performance in Q1/2567 recorded total revenue of 1,174 million baht, an increase of 686.24 million baht or 140.58% compared to the same period last year, which had total revenue of 488.16 million baht. This includes revenue from property sales and products amounting to 1,045.18 million baht and service revenue of 89.11 million baht.

In Q1/2567, the net profit stood at 115.91 million baht, an increase of 686.24 million baht or 56.46% compared to the previous year's net profit of 74.08 million baht. The profit attributable to shareholders of the parent company was 109.74 million baht, up 56.03 million baht or 104.33% compared to the previous year's profit of 53.71 million baht.

The company primarily recognized revenue from the transfer of the Landmark @ MRTA Station (Rama 9), with the remainder coming from real estate across four main projects: Monsane Exclusive Villa Ratchapruek - Pinklao, Siamese Kin Ramintra (Phase 2), Monsane Ratchapruek - Chaengwattana, and Siamese Exclusive Queens, totaling 995.94 million baht. Additionally, revenue from other projects amounted to 49.24 million baht, bringing the total to 1,045.18 million baht, which accounts for 89.00% of total revenue, a significant increase from the previous year's 838.36 million baht, representing a 405.36% growth. In Q1/2567, the revenue breakdown by project type showed that high-rise projects accounted for 74.47% and low-rise projects 23.73% of the revenue from property sales and products.

Simultaneously, the company saw an increase in service revenue, primarily from its hotel operations, with five locations achieving high occupancy rates, increased average daily room rates, and a higher number of rooms. Additionally, revenue from property management contributed to total service revenue of 89.11 million baht, representing 7.59% of total revenue, which is an increase of 9.45 million baht or 11.86% from the same period last year.

"The performance in the first quarter met the company's expectations due to the gradual transfer of the Landmark @ MRTA Station, a flagship mixed-use project valued at over 10 billion baht, located just 350 meters from the Orange Line MRT and the MRT station, receiving positive feedback for both residential and investment purposes. Furthermore, the company has diversified its revenue base into service businesses, such as the Tribe Living Bangkok Sukhumvit 39, which caters to both short-term and long-term travelers, supporting the company's outstanding growth performance," Khajornsit added.

For this year's business plan, the company aims to focus on hotel and service businesses to support the recovering tourism sector, targeting recurring business revenue to account for 15% of total revenue within five years. Additionally, the company is developing housing to accommodate the aging society, which will include amenities and services such as medical care and nursing homes.

Moreover, SA remains committed to developing environmentally friendly innovations to enhance comfort and health for residents, such as installing solar rooftops to reduce electricity costs, promoting electric vehicle usage by installing EV charging stations in its projects, and implementing the Air of Life technology for pure air and PM2.5 filtration, which helps save energy through heat exchange systems, reducing external heat before entering residences and enhancing freshness with anions. This aligns with the "green business" policy aimed at reducing CO2 emissions, a crucial concept for future building construction towards sustainable development and supporting the company's sustainable growth.