Home Expo lifts LPN revenue

By The Nation
Published on August 27, 2008

Property company LPN Development believes it can achieve its revenue target of Bt7.2 billion by the end of this year after successfully recording sales of Bt50 million from the Home Buyer Expo 2008, a four day event held last week.

Lumpini RAMA IX

The company's managing director Opas Sripayak said LPN Development expects to get new cus¬tomers worth another Bt50 million after the fourday event. The Home Buyers Expo 2008, held between last Thursday and Sunday, gave the com¬pany a Bt50million boost. This will add to the company's presales earn¬ings in the second half of the year, putting it on track to meet its target by the end of the year.

At present, the company has recorded presales that will add up to about Bt2.3 billion in revenue in the second half of the year.

The company has also chalked up bookings that would be worth Bt6.3 billion in revenue next year.

The major projects that will gen¬erate revenue for the company in the second half of the year include Lumpini Place NarathiwatChopraya, Lumpini Place RatchadaTarpra, Lumpini View Ramkhamhaeng 44, Lumpini Condo Town Bodindacha Ramkhamhaeng and Lumpini Condo Town Ramindra Laksi.

The company reported a total rev¬enue of Bt3.63 billion in the first half of the year, up 22.22 per cent from the same period last year. It posted a net profit of Bt609.11 million in the first half of the year, up 24.48 per cent from the same period last year.

Opas said the company is aiming for growth between 15 per cent and 20 per cent a year, from this year until 2010. It is hoping to achieve total rev¬enues of Bt10 billion by 2010.

"Our business strategy is to boost sales to meet the target by develop¬ing residential units to match our cus¬tomers' lifestyle, especially at loca¬tions that are preferred by cus¬tomers," he said.

He said the company will contin¬ue to focus on condominiums and will expand its condominium projects around Bangkok, especially on con¬dominium projects that are located close to the masstransit system.

The company plans to launch six new condominium projects in the second half of the year.

These new projects will boost the company's sales and the bookings will add to its revenue for the next year until 2010, Opas said.

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Home Expo lifts LPN revenue

Property company LPN Development believes it can achieve its revenue target of Bt7.2 billion by the end of this year after successfully recording sales of Bt50 million from the Home Buyer Expo 2008, a four day event held last week.

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