Frasers Property Thailand announces final dividend of 0.40 baht per share at FY2023 AGM
Frasers Property (Thailand) Public Company Limited or “FPT”, Thailand’s first and leading integrated real estate company, is establishing a resilient property business that synergises all business groups in its portfolio: commercial, industrial, and residential. For the full 2023 financial year (October 2022 – September 2023), FPT delivered revenue totalling 16,810 million baht. This represents a 2.8% increase from the previous year, generating a net profit of 1,861 million baht, equivalent to 11% of total revenue. Despite a dynamic macroeconomic backdrop impacting its residential property business, the industrial and commercial businesses continued to generate strong recurring rental income throughout the year. As a result, at the Annual General Meeting 2024 (AGM), the company announced a dividend distribution of 0.40 baht per share, which will be paid on 13 February 2024.