SC Asset transition to boost net profit 

Real Estate March 06, 2019 01:00

By The Nation

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Listed property firm SC Asset Corporation Plc has targeted a net profit of Bt3 billion in 2023 through its transition to a “living solution” firm, the company’s chief executive officer, Nattaphong Kunakornwong, said at press conference yesterday.



He added that the company expected its net profit to reach Bt2 billion this year, up 12 per cent from Bt1.78 billion at the end of 2018, he said.

To drive net profit growth, the company plans to launch 13 residential projects worth Bt22.7 billion to boost its presale value to Bt22 billion and Bt19 billion in total revenue this year. Nine of the 13 projects will be low-rise residential developments (single-detached houses and townhouses) worth a total of Bt6.5 billion while the other four will be condominiums worth Bt16.2 billion. 

Meanwhile, the company’s board has approved a dividend payment of Bt0.16 per share on May 23, subjected to shareholders’ approval at a general meeting scheduled for April 25, he said.