Pruksa's 2010 growth tops its 17-year record, achieving a booking value of 38,752 MB - an impressive 70% growth over the previous year

BackFeb 21, 2011

-February 21st, 2011 - Pruksa Real Estate Public Company Limited (PS) is proud to announce its 2010 annual performance with an outstanding growth that tops its records over the past 17 years. The year 2010 saw the company's Presales close at 38,752 million baht and Total Revenue at 23,407 million baht, which marked a notable 70% and 23% growth respectively.

Mr. Thongma Vijitpongpun, Chief Executive Officer, Pruksa Real Estate Public Company Limited, disclosed that, "The year 2010 was undeniably a year of economic uncertainties both domestically and internationally. This makes it all the more satisfying for us to see strong growth in our business performance, thanks to Thailand's robust economic recovery and surging domestic real estate demand. Such demand was successfully met by our ability to respond professionally. The year saw the company's booking value close at 38,752 million baht, an impressive 70% year-on-year rise from 22,774 million baht obtained in 2009. The company's total revenue was achieved at 23,407 million baht, a 23% increase from 19,033 million baht in 2009. The net profit was noted at 3,488 million baht, a 4% drop from 3,622 million baht in 2009. The slight decline was the result of increasing sales and management expenditure in advertising, PR and sales promotion activities. In addition, the government's subsidies in terms of patent tax and ownership transfer fee also ended in the first and second quarters of the year, respectively."

"The remarkable performance of 2010 has translated into dividends of 0.50 baht per share to our valued shareholders. This is in line with paying dividends of no less than 30% of net profit - the practice we have maintained since 2006.", added Mr. Thongma.  

Mr. Prasert Taedullayasatit, Director and Chief Business Officer, Pruksa Real Estate Public Company Limited, revealed that, "The year 2010 has proven to be a highly successful year for Pruksa in terms of real estate development. Our efforts over the past year have focused both on horizontal and vertical projects, with a strong emphasis on the mid-level segment and a diversified range of products to choose from. Our new projects last year covered major areas of Bangkok and surrounding provinces, as well as, key provinces and overseas markets. Today, Pruksa operates with a total of over 20 brands domestically and internationally. All in all, a total of 72 new projects were launched in 2010 worth 62,703 million baht - 44 of which were townhouse projects, 15 single detached-house projects, 11 condominium projects and 2 overseas projects. In terms of market share, in 2010, Pruksa managed to remain the market leader in the townhouse segment (66.2%), while still making headway in both the single detached-house segment (21.1%) and the condominium segment (2.2%)".

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