Origin Property reports high third quarter revenue 

Real Estate November 12, 2018 11:05

By The Nation

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Listed property firm Origin Property wil announce total revenue of Bt4.03 billion and a net profit of Bt892 million in the third quarter of this year, up 106 per cent and 60 per cent respectively over the same period of last year, the company’s chief executive Peerapong Charoon-Ek said on Monday.

The new figures push total revenue achieved in the first nine months of 2018 to Bt10.69 billion with a net profit of Bt2.4 billion, up 166 per cent and 148 per cent over 2017. The increase has come from strong market demand and the transfer of condominium projects launched in last two years to customers, he said.

The company also reported total presales of Bt22.4 billion, which should put it on track to reach its total presale target of Bt24 billion by the end of this year. Bookings are expected to raise the company’s revenue from 2019 until 2021.