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Lalin Property enjoys 1,006% growth in net profit in 2002

Real Estate Press Releases วันพฤหัสบดีที่ ๒๗ กุมภาพันธ์ พ.ศ. ๒๕๔๖ ๑๕:๒๖ น.
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Bangkok--Feb 27--Siam PR. Consultant

Lalin Property enjoys 1,006% growth in net profit in 2002 to 390 million baht with sales of 1,929 million baht up 36%, dividend to be paid at 0.70 baht per share Company this year will   use aggressive marketing strategy under the concept of "Quality Houses at Reasonable Prices" to bolster continuous income realization

Lalin Property (PLC), whose stock "Lalin" has become a hit since the first day of trade with over 40% increase in value and still soaring, has shown continuous growth in its operation due to professional management as profit in 2002 grew 1,006% to 390 million baht boasting sales of 2,203 million baht in total and income realization of over 1,929 million baht. The company is going ahead with new project launch this year, while targeting sales at over 2,753 million baht and total income realization worth around 2,413 million baht.

Chaiyan Chakarakul, CEO of Lalin Property (PLC), leading listed property operator traded on the Stock Exchange of Thailand (SET) under the name "Lalin", disclosed that in the year 2002, the company was aggressive with launches of new housing projects on continuous basis, displaying the strong management potential of the current management team, which resulted in a warm welcome by homebuyers. "The 4 major brands of housing projects under Lalin namely Lalin Greenville, Baan Lalin, Baan Burirom and Lally Ville, which include 13 finished and unfinished projects, have contributed to the total sales of 2,203 million baht in 2002, or 42% growth against 2001. Income realization went up 36% to 1,929 million baht from 1,418 million baht a year ago. And announce to will be paid dividend 0.70 baht per share," he said.

"In 2003, the company has set sales target at 2,753 million baht and total income realization at around 2,413 million baht, equivalent to 25% growth. At least 3 housing projects will be launched. In the first quarter alone, the company is expected to launch a total of 3 new single-detached housing projects worth totally 3.3 billion baht. Projects that have already been launched include Baan Lalin In-The -Park Ramintra-Rattanakosin Sompoch worth 1.1 billion baht on 83 rai land with 329 housing units and Baan Lalin In-The-Park Srinakarin-Theparak worth 400 million baht on 31 rai land with 138 units. These projects have combined value of 1.5 billion baht. These 2 projects helped endorsed to homebuyers the company's leadership in the market for young executives. They are also situated in high potential residential areas suitable for modern living. These projects were launched on February 8," he said.

Chaiyan said the company's marketing policy in the future would focus on maintaining its leadership in the middle-income earner's segment, consisting young executives and professional people, using after-sale services as the key. The strategy would guarantee quality services after the houses were sold through the management of infrastructure fund, in which Lalin was the first operator to establish, he said. The current funding size is 72 million baht. "Under the concept of 'Quality Houses at Reasonable Prices', customers are content. The earlier introduced policy to have commercial bank guarantee down payment also provided added confidence to customers. Lalin is determined to expand its presence throughout the 4 corners of Bangkok, while promoting the public relations activities through the Internet with a catchy concept of 'Think of homes in Bangkok click   www.lalinproperty.com," he said.

For more information please contact:
Jidapa Pramualsub, Nunthaporn Boonlong
Siam PR. Consultant Co., Ltd.
Tel. 0-2693-7835-8 ext 32,38, 0-1817-7153, 0-1851-2088
Fax. 0-2693-6919-20
E-mail: jidapa@siampr.co.th   End.
-SN-

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