Pruksa reveals operating results for the first half of 2023, profit 1,690 million, growth 72%, income 13,665 million, growth 20%, part of the income comes from the Inno stock swap. The real estate business precast has sales of 9,116 million, transfers of 11,680 million, indicating the second half of the year opening 17 projects worth 19 billion.

Mr. Uthen Lohachitpitak Group Chief Executive Officer of Pruksa Holding Public Company Limited revealed the operating results for the second quarter of 2023 that Pruksa Holding or PSH made a total revenue of 7,107 million baht, growing 32%, resulting from sales growth. Both real estate and health care businesses made a net profit of 1,038 million baht, growing 141% compared to the second quarter of 2022.

In the first half of the year, net profit was 1,690 million baht. Total income was 13,665 million baht. 700 million baht was the income from swapping shares of Inno Precast Co., Ltd., a subsidiary of PSH, to invest in General Company shares. Engineering Public Company Limited or GEL, which is a business opportunity to generate income and strong growth of 2 companies.

"The profit of the first half of the year after deducting special items from the stock swap. The main business of the group is There is still a profit in the first half of 2023, growing more than 10% from 2022, reflecting that the group is currently successful and well received by the market. Both the transfer of real estate business and health care with higher growth and the total order and installation (backlog) of Inno Precast low carbon precast sheets surpassed 2,200 million baht, more than double the target set at the beginning of the year at 1,000 million baht. To be the leader in low carbon precast production in Thailand"

The real estate business has sales of 4,650 million baht, a 4% increase from the previous quarter, with transfers of 5,650 million baht, an 11% increase from the second quarter of 2022, which is income from low-rise products and transfers of 6 condominium projects from the beginning of the year. In the first half of the year, sales were 9,116 million baht, transfers were 11,680 million baht, and the launch of 6 new projects worth 4,848 million baht. It was well received by both Thai and foreigners.

Including the project "Plum Condo New West" in the Bang Yai area, able to make reservations on the pre-sale day up to 580 million baht due to the outstanding project location. Adjacent to the Central Westgate Shopping Center, away from the Purple Line Skytrain station. Bang Yai Sam Yaek Station, only 400 meters away, at a price that is easily tangible, starting at only 1.59 million baht.

and from the performance in the first half of the year Therefore, Pruksa has considered approving the interim dividend payment for the year 2023 to shareholders at the rate of 0.31 baht per share, which is considered a competitive rate of return in the market. Determining the list of shareholders on 28 Aug. 2023 Dividend payment on 8 Sep. 2023

For the second half of the year, a total of 17 projects are planned to be launched, worth 19 billion baht, resulting in the launch of new projects throughout the year in accordance with the plan to raise premium products to 30% in the first half of the year.

The health care business in the second quarter of 2023 had a total revenue of 440 million baht, an increase of 117% compared to the second quarter of 2022. Total revenue in the first half of the year was 852 million baht, with Vimut Hospital generating revenue excluding COVID grew by 77%, the proportion of new patients admitted to more than 26%, and has expanded its cooperation with "Naluri", a digital health service provider. Provide advice on physical and mental health through an application that focuses on holistic health care. By granting the right to use the service for all people who come to use the health check-up service at Vimut Hospital. has been used for a period of 1 year

and aims to upgrade to meet the hospital and health service standard (HA) at level 3 within the third quarter of this year to provide services at an international level. And expanding the service to foreign patients with a tendency to grow as well And also opened a center for endoscopy and a specialized unit for gastrointestinal motility. including expanding cooperation between groups Vimut Hospital and Theptarin have prepared to establish a Medical Academy as another channel to develop medical personnel. and generate new income for the group

In addition, Pruksa Holding has been selected as a listed company in the ESG 100 securities group for the year 2023 by Thaipat Institute. This reflects our outstanding commitment to environmental, social and governance operations and has been recognized for outstanding sustainability reporting in accordance with the Global Reporting Initiative standard, which focuses on human rights. Including the development of both residential and health care projects with affordable prices for all groups of people as well

Source:https://www.bangkokbiznews.com/property/1083499

Date 15/08/2023