Amata land sales on track after slow start
Amata Corporation, a major developer and manager of factory estates, has maintained its land-sale target of 3,000 rai this year, despite declining sales in the first quarter.
Varaporn Vatcharanukroh, vice president (treasurer) of Amata, said that despite its lower-than-expected financial performance in the first quarter, the management had confirmed at the recent board meeting that the company would achieve a sales target of 3,000 rai of land this year. He said many customers were lining up to sign land-purchase deals with the company. It still has backlogged land sales contracts of Bt5.8 billion.
Amata made a consolidated net profit of Bt130.67 million in the first quarter this year, down from Bt310.08 million over the same period last year.
The company earned revenue from land sales in the quarter of Bt709.39 million versus Bt834.05 million over the same period last year.
The cost of land sales in the quarter rose 46.43 per cent year on year to Bt423.96 million.
