Origin Property shows net profit

Real Estate May 13, 2019 11:54

By The Nation

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Listed property firm Origin Property made a net profit of Bt702.6 million in the first quarter of this year, up 47 per cent over the same period last year, according to the company’s reports released on Monday.



 

 

 

 

The company also reported total revenue of Bt3.45 billion for the same period, an increase of 40 per cent over the first quarter of 2018, thanks to the transfer of its residential projects to customers during the reporting period, the company’s chief executive officer Peerapong Charoon-Eak said on Monday.

The company believes that total presales will achieve the targeted Bt19 billion by the end of this year, he added.