LH suffers from uncertainties

By The Nation

Land & Houses, Thailand's largest developer, witnessed a 26.82 per cent drop in its third quarter net profit, as consumers postponed the decision to buy houses due to political uncertainties at home and global financial crisis.

The company said that its quarter net profit this year fell to Bt860 million, from Bt1.17 billion in the same period last year.

In the third quarter of 2007, the company also transferred condominiums worth Bt896 million.

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