Preuksa Real Estate reported 2Q09 earnings of Bt639mn, increasing 2% yoy and in line with our expectation. However, earnings were down 7% qoq given lower revenue as no large condominium transfers came through as in the previous quarter. Revenue declined 3% qoq to Bt3.64bn. Meanwhile, the gross margins remain strong at 36.1%, which is relatively flat from last quarter. The 1H09 earnings surged 42% to Bt1.33bn or Bt0.60/share driven by strong revenue growth.
Preuksa Real Estate posts strong earnings in 2Q 2009
Leave a reply
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thailand Retirement Ranking Improving
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
