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Thailand Housing Firm Posts Net Profit Last Year As Market Recovers.
Byline: Krissana Parnsoonthorn
Mar. 2--Land & Houses Plc posted a consolidated net profit of 1.55 billion baht last year, a 617 percent jump from 2000, thanks to a steady recovery of the middle-class detached housing market.
President Anant Asavabhokin said house sales alone rose 58 percent to 10.41 billion baht, from 6.55 billion baht the year before.
Other revenue totalled 111 million baht last year, down from 228 million baht in 2000, while interest expenses declined to 411 million baht from 590 million.
L&H delivered a total of 1,900 pre-built houses to homebuyers last year, up from 1,200 in 2000. It repaid debts of 3.5 billion baht ...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) August 14, 2002 700+ words
...Total revenue was 8.35 billion baht, down by 1 percent year-on-year. Mr Thiraphong attributed...dollar in the second quarter of this year compared with 45.35 baht in the same period of last year. "The key factor behind the decline...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 20, 2007 700+ words
...the Bank of Thailand, said the baht should weaken in the near future...reserve rule would lead to further baht appreciation, she said. Last...inflows at 30 percent for one year. "Exporters should consider...in that it helps prevent the baht from strengthening," Dr Atchana...
- Baht lift unlikely for Thai firms in '99.
- Magazine article from: Business Asia Amorn, Vithoon April 5, 1999 700+ words
...count on windfall forex gains this year as the baht would likely be steady. Although...1998 against a 56.30 billion baht loss a year earlier. Analysts said the firm...1998 against a 54.09 billion baht loss a year earlier. State-owned Thai Airways...
- Baht Slides Below 40 on New Controls.
- Newspaper article from: Knight Ridder/Tribune Business News October 15, 2003 700+ words
...accounts had increased to 46 billion baht from 15 to 20 billion. "Funds...expected to deter investment. The baht has been gaining steadily on the US dollar over the past year, mostly due to dollar weakness...M.R. Pridiyathorn said the baht was up 9.1 percent against...
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- Newspaper article from: Knight Ridder/Tribune Business News November 23, 2004 700+ words
...mitigate the impact of the strengthening baht on exporters. Governor M.R. Pridiyathorn...Devakula said the central bank would keep the baht stable to prevent short-term capital inflows from speculating on the baht. Analysts said the statement was "verbal...
- Baht eases off after steady appreciation.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 6, 2006 700+ words
...of raw materials for megaprojects would lead the baht to depreciate this year. "The baht will remain strong, if there isn't much megaproject investment this year. ... The economy is unlikely to be materially...
- Strong Baht, Weak Shrimp Sales Deal Big Blow to Thai Food Company.
- Newspaper article from: Knight Ridder/Tribune Business News May 16, 2002 700+ words
...kilogramme size had dropped significantly to 335 baht from 410 baht year-on-year. Customers did not place large orders...was expected to grow by 10-15 percent this year from 35.32 billion baht in 2001, with net profit rising by 20 percent...
- 31.48 Million Baht Profit Is a Base for Growth for Thailand Info-Tech Firm.
- Newspaper article from: Knight Ridder/Tribune Business News March 15, 2002 700+ words
...was 2.83 billion baht. The company posted a loss of 831 million baht in 1999 and 3.88...yesterday at 8.15 baht, up 10 satang, with...at the end of last year. Mr Intanate said revenue for the next two years was projected to grow...