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PROPERTY

Perfect shows higher quarterly results

Property developer Property Perfect Plc showed a sharp rise in quarter net profit, from Bt19.8 million last year to Bt294.7 million.



 In the statement to the Stock Exchange of Thailand, it said the six-month results also rose from Bt25.7 million last year to Bt452.5 million.

 The developer reported Bt1.8 billion in sale revenue in the second quarter, an increase of Bt416.5 million on year or 29.3 per cent from Bt1.4 billion.  Its gross profit margin also rose from 29.4 per cent in the same period last year to 33.2 per cent, due to the the adjustment in housing prices.

 Meanwhile, its sale and administrative cost dropped by Bt68.1 million, or 19.4 per cent, due to the lower special business taxes as well as lower transactions fee as a result of the government's economic-stimulus package.


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