{"id":195113,"date":"2020-05-18T13:47:41","date_gmt":"2020-05-18T06:47:41","guid":{"rendered":"https:\/\/propholic.com\/prop-now\/%e0%b8%aa%e0%b8%b4%e0%b8%87%e0%b8%ab%e0%b9%8c-%e0%b9%80%e0%b8%ad%e0%b8%aa%e0%b9%80%e0%b8%95%e0%b8%97-%e0%b8%9b%e0%b8%b4%e0%b8%94%e0%b9%84%e0%b8%95%e0%b8%a3%e0%b8%a1%e0%b8%b2%e0%b8%aa1-%e0%b8%81\/"},"modified":"2020-05-18T13:49:47","modified_gmt":"2020-05-18T06:49:47","slug":"%e0%b8%aa%e0%b8%b4%e0%b8%87%e0%b8%ab%e0%b9%8c-%e0%b9%80%e0%b8%ad%e0%b8%aa%e0%b9%80%e0%b8%95%e0%b8%97-%e0%b8%9b%e0%b8%b4%e0%b8%94%e0%b9%84%e0%b8%95%e0%b8%a3%e0%b8%a1%e0%b8%b2%e0%b8%aa1-%e0%b8%81","status":"publish","type":"prop-now","link":"https:\/\/propholic.com\/en\/prop-now\/%e0%b8%aa%e0%b8%b4%e0%b8%87%e0%b8%ab%e0%b9%8c-%e0%b9%80%e0%b8%ad%e0%b8%aa%e0%b9%80%e0%b8%95%e0%b8%97-%e0%b8%9b%e0%b8%b4%e0%b8%94%e0%b9%84%e0%b8%95%e0%b8%a3%e0%b8%a1%e0%b8%b2%e0%b8%aa1-%e0%b8%81\/","title":{"rendered":"Singha Estate reveals Q1 2020 performance with a 14% rise of net profit with dividends at 0.045 baht per share, reiterating its strong financial positioning and sustainable growth"},"author":1,"template":"","tags":[2079,1399],"acf":{"banner_images":{"ID":195102,"id":195102,"title":"banner","filename":"banner-56.jpg","url":"https:\/\/propholic.com\/wp-content\/uploads\/2020\/05\/banner-56.jpg","alt":"","author":"73","description":"","caption":"","name":"banner-2823","date":"2020-05-18 06:45:42","modified":"2020-05-18 06:45:42","mime_type":"image\/jpeg","type":"image","icon":"https:\/\/propholic.com\/wp-includes\/images\/media\/default.png","width":1350,"height":440,"sizes":{"thumbnail":"https:\/\/propholic.com\/wp-content\/uploads\/2020\/05\/banner-56-150x150.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/propholic.com\/wp-content\/uploads\/2020\/05\/banner-56-300x98.jpg","medium-width":300,"medium-height":98,"medium_large":"https:\/\/propholic.com\/wp-content\/uploads\/2020\/05\/banner-56-768x250.jpg","medium_large-width":640,"medium_large-height":208,"large":"https:\/\/propholic.com\/wp-content\/uploads\/2020\/05\/banner-56-1024x334.jpg","large-width":640,"large-height":209,"1536x1536":"https:\/\/propholic.com\/wp-content\/uploads\/2020\/05\/banner-56.jpg","1536x1536-width":1350,"1536x1536-height":440,"2048x2048":"https:\/\/propholic.com\/wp-content\/uploads\/2020\/05\/banner-56.jpg","2048x2048-width":1350,"2048x2048-height":440}},"show_banner_in_homepage":false,"banner_feature_content":false,"content":"
Singha Estate announced its Q1\/2020 performance with net profit of 335 million baht, rising 14% from the same period last year, and total revenue of 2,186 million baht. Of the total revenue, 752 million baht came from the residential business, 243 million baht from commercial business and 1,144 million baht from hospitality business. The company has its strong financial positioning and will pay dividends on 2020 performance at 0.045 baht per share in May 2020. With full support from business partners, it will continuously move forward with its business rehabilitation plan after the easing of COVID-19 crisis with confidence in its sustainable business growth.<\/strong><\/p>\n Singha Estate Public Company Limited or \u2018S\u2019 posted its total revenue of 2,168 million baht in the first quarter of 2020, of which 752 million baht was derived from residential business, declining 56% year-on-year, 243 million baht from commercial business, growing 41% year-on-year, and 1,144 million baht from hospitality business, rising 17% year-on-year. During this period, the company also realized gain on selling 423 million baht from the share sale in S Hotels & Resorts Plc\u2019s subsidiary together with 115 million baht gain on conversion option embedded in convertible bonds. This made its Q1\/2020 net profit stood at 335 million baht, up 14% year-on-year.<\/p>\n","content_2":" Mrs. Thitima Rungkwansiriroj, Chief Financial Officer of Singha Estate Plc,<\/strong> reveals about the Q1\/2020 performance that the company recorded total revenue of 2,168 million baht and the residential business realized majority of revenue from the ownership transfer at The ESSE Asoke and The ESSE at Singha Complex, representing 34% or 752 million baht. Additionally, the government\u2019s lockdown measure gave some impact on its residential business as foreign customers postponed the transfer as they could not travel to inspect their units themselves, while potential Thai buyers opted to delay their visit as well as unit inspection at its residential projects in a bid to maintain social distancing following the well-known campaign during COVID-19 outbreak. However, the first quarter impact remained modest.<\/p>\n There are other ongoing projects this year, The ESSE Sukhumvit 36, super luxury condominium, which is the joint venture project with Hong Kong Land, worth 6.5-billion-baht is nearly completed and will start the ownership transfer in the fourth quarter. To keep our customers safe and reduce the risk of COVID-19, we are now offering online marketing campaign via 360-degree Virtual Tour. And recently launched, The EXTRO Phayathai-Rangnam, affordable luxury condominium, worth 4.1 billion baht and located in the high potential area. These two projects will give a support to the company\u2019s residential business to grow as expected.<\/p>\n <\/p>\n For commercial business, Singha Estate has four office projects including Suntowers, Singha Complex, The Lighthouse, and Metropolis Building, with combined space of 140,000 square meters and average occupancy rate at 87% in the first quarter of 2020. During the period, the company\u2019s commercial business generated 243 million baht in revenue, growing 41% from the same period of the year before, due mainly to the acquisition of Metropolis Building which has 13,700 sq.m. with 97% occupancy rate. This office building has high growth potential as located in prime location,close to BTS Phrom Phong Station, the lifestyle hub for new generation.<\/p>\n<\/a><\/p>\n
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