Post by account_disabled on Dec 24, 2023 8:49:51 GMT
AP Thailand overcomes the crisis and grows strong. Profit of 3,280 million, total income of 35,180 million, the highest in history. This crisis is long. Suggesting organization and preparation · The only way to overcome the crisis Adapt quickly Tight cash flow management · First 9 months, numbers in every row Grow against the trend Aiming to close at the end of the year as targeted · DE is as low as 0.8 times, reflecting the company's strong stability. · The last centimeter The new condo market is starting to return with the opening of ASPIRE Erawan Prime. Headquarters ( 11 Nov. '20 ) -- AP announces success at amidst the volatility from the crisis Continuously growing since the beginning of the year, total income for the first 9 months of 2020 rose to a record high of 35,180 million baht. Net profit was higher than the full-year profit of 2019 at 3,280 million baht, a result of rapid product portfolio switching, strengthening horizontal games . Along with the actual demand for condos continuing to move in, highlighting LIFE Ladprao and LIFE Asoke - Rama 9 as important key drives to support income to increase DE as low as 0.8 times, reflecting the strong stability of the company.
Increase budget for land purchases throughout the year. 9,500 million, aiming to buy land to fill horizontal areas that are already closed. The last turn in condo demand, sending a good signal, opening ASPIRE Erawan Prime, worth 3,200 million baht. At the end of 2020 , a total of 40 new projects will be opened , with a total value of 45,020 million baht. Mr. Anuphong Assavabhokhin, Chief Executive Officer of AP (Thailand) Public Company Limited, said: “ It has been more than 10 months since the world faced the COVID- 19 crisis . This crisis is huge and different from every past crisis Telegram Number Data The only way to survive is to adapt quickly. Under tight cash flow management, as a result, in the midst of the crisis, the company was still able to generate operating results. The number of jobs has grown every quarter, as of the first 9 months of the year. AP has a high growth rate. record high , generating total income from low-rise products, condominium groups (100%JV) and other businesses as high as 35,180 million baht , an increase of 56% when compared to the same period.
Of the previous year with total income equal to 22,510 million baht, which was the result of adjusting the plan to increase Horizontal product development section along with the ownership transfer plan Condominiums completed this year which still receive good feedback. Especially in the 3rd quarter, part of the increased revenue recognition comes from the gradual transfer of ownership of LIFE Lat Phrao, LIFE Asoke - Rama 9 and ASPIRE Asoke - Ratchada. ” Total net profit for the first 9 months of 2020 ( Net Profit) is as high as 3,280 million baht, an increase of 50% if compared to the same period of 2019 with a total net profit of 2,180 million baht and higher than the full year profit of 2019 ( 3,060 million baht) as well. The debt-to-equity ratio was at 0.82 times, different from the same period of the previous year at 0.99 times, reflecting the ability to provide services. Divide good financial management under Pressure condition From the crisis that has occurred, the company has now increased The budget for purchasing land has increased to 9,500 million baht after last April. The original amount was reduced to 4,500 million baht.
Increase budget for land purchases throughout the year. 9,500 million, aiming to buy land to fill horizontal areas that are already closed. The last turn in condo demand, sending a good signal, opening ASPIRE Erawan Prime, worth 3,200 million baht. At the end of 2020 , a total of 40 new projects will be opened , with a total value of 45,020 million baht. Mr. Anuphong Assavabhokhin, Chief Executive Officer of AP (Thailand) Public Company Limited, said: “ It has been more than 10 months since the world faced the COVID- 19 crisis . This crisis is huge and different from every past crisis Telegram Number Data The only way to survive is to adapt quickly. Under tight cash flow management, as a result, in the midst of the crisis, the company was still able to generate operating results. The number of jobs has grown every quarter, as of the first 9 months of the year. AP has a high growth rate. record high , generating total income from low-rise products, condominium groups (100%JV) and other businesses as high as 35,180 million baht , an increase of 56% when compared to the same period.
Of the previous year with total income equal to 22,510 million baht, which was the result of adjusting the plan to increase Horizontal product development section along with the ownership transfer plan Condominiums completed this year which still receive good feedback. Especially in the 3rd quarter, part of the increased revenue recognition comes from the gradual transfer of ownership of LIFE Lat Phrao, LIFE Asoke - Rama 9 and ASPIRE Asoke - Ratchada. ” Total net profit for the first 9 months of 2020 ( Net Profit) is as high as 3,280 million baht, an increase of 50% if compared to the same period of 2019 with a total net profit of 2,180 million baht and higher than the full year profit of 2019 ( 3,060 million baht) as well. The debt-to-equity ratio was at 0.82 times, different from the same period of the previous year at 0.99 times, reflecting the ability to provide services. Divide good financial management under Pressure condition From the crisis that has occurred, the company has now increased The budget for purchasing land has increased to 9,500 million baht after last April. The original amount was reduced to 4,500 million baht.