Sansiri beats financial targets

TUESDAY, FEBRUARY 28, 2012
Sansiri beats financial targets

Despite floods, Sansiri Plc showed Bt7.79 billion in fourth-quarter revenue, up 38.21 per cent from the same period last year.



 This pushed the annualised revenue to Bt20.68 billion, 10.26 per cent up from Bt18.77 billion a year earlier. Meanwhile, the net profit last year reached Bt1 billion, 71.94 per cent higher from Bt620 million in the year earlier. 
 "Our fourth-quarter performance well exceeded revenue and earning targets. They are the historical quarterly results," said Sansiri President Sretha Thavisin.  
 He attributed the success to distinct business strategies as well as a well-diversified range of products.
 Sansiri targets revenue to reach Bt28 billion this year, including Bt1 billion from project management fees. This is supported by the pre-sale backlog from 44 projects worth totally Bt46 billion.