DUSIT REPORTS 85.5% PROFIT RISE FOR QUARTER
Dusit Thani Public Company Limited (DTC), a major hotel and property development company, has announced its first-quarter results. It took Bt1.69 billion in total revenue and booked a net profit of Bt230 million, up 12.5 per cent and 85.5 per cent year on year.
In line with the company’s three-pronged strategy for sustainable and profitable growth, including balance, expansion, and diversification, DTC established Dusit Foods Co Ltd inMarch, and invested in NR Instant Produce Co Ltd (NRIP), a well-known producer and exporter of ready-to- cook, ready meals, seasoning powders, dipping sauces, drinks and juices.
DTC plans to create a partnership with NRIP to develop a line of Dusit-branded, premium products for local and international consumer markets. DTC also plans to link its culinary operations with its education business, developing new food technologies.
Another development in the first quarter was the introduction of ASAI Hotels, DTC’s new affordable lifestyle brand designed to tap into the fast-growing market of millennial-minded travellers.
Each ASAI hotel will feature compact rooms emphasising key features like superior quality beds and high pressure rain showers. A large mixed-use space, meanwhile, will include a cosy and efficient work space, a leisure area, and a restaurant concept curated by local chefs who champion sustainability.
DTC aims to sign at least 10 ASAI hotels per year in Thailand and elsewhere.