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LH profits down 3.58%

Land & Houses Plc's net profit in the second quarter dropped slightly to Bt699.9 million from Bt725.9 million a year earlier.



In the quarter, the country's largest property developer's sale revenue reached Bt4.65 billion, up from Bt4.30 billion in the same period last year.  

 In the first six months of this year, the company recorded a net profit of Bt1.23 billion, down from Bt1.44 billion in the same period last year.

 Most property companies reported lower net profits in the second quarter, as consumers delayed their housing purchases on continued worries on the economic health.

- The Nation


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