“NOBLE” 2022 Pre-Sale Hits Record High at THB 17,400 million, Showing Q4/2022 Total Revenue at THB 3,946 million, – Announces Dividend Payment at 0.20 Baht/Share
Noble Development Public Company Limited (“the company”) announces its Q4/2022 performance, generating a total revenue of THB 3,946 million, an increase of 141% YoY and net profit of THB 338 million, an increase of 9,185% YoY. For the full year 2022, the company reported total revenue of THB 8,678 million and net profit of THB 455 million, setting a record high of pre-sale at THB 17,400 million, resulting in the backlog at THB 19,627 million. In addition, the company announces dividend payment at 0.20 baht/share, with XD on 9 May 2023. Looking ahead to 2023, the company reaffirms its commitment to growth, with plans to launch 10 new projects worth a total project value of THB 23,300 million. The company has set total revenue and sales targets of THB 15,000 million and THB 23,000 million, respectively.
Mr. Thongchai Busrapan, Vice Chairman and Co-Chief Executive Officer of Noble Development Public Company Limited (“the company”), said the real estate market has recovered since Q4/2022, driven by the overall economic recovery and consumers’ increased purchasing power. As a leading residential developer in prime locations across Greater Bangkok, the company has benefited from this trend, which was demonstrated from the Q4/2022 performance showing a turnaround, with the total revenue reached at THB 3,946 million, an increase of 141% YoY and net profit reached at THB 338 million. The reasons are due to the transfer of newly 5 completed projects that were transferred during Q3-Q4/2022, including 1.) Noble State Sukhumvit 39, 2.) Nue Srinakarin-Lasalle, 3.) Noble Around Ari, 4.) Nue Ngamwongwan, and 5.) Nue Centre Bangna. As a result, the company generated total revenue of THB 8,678 million and net profit of THB 455 million.