FRIDAY, March 29, 2024
nationthailand

Dusit Thani net profit up 8.6 %

Dusit Thani net profit up 8.6 %

DUSIT THANI Plc (DTC) has reported a Bt290-million net profit from Bt5.56 billion revenue for 2018.

The profit represents an 8.6-per-cent increase over the Bt267 million posted in 2017. 
Reflecting the strength of DTC’s business strategies, the results were achieved despite non-recurring expenses in relation to the redevelopment and temporary closure of the flagship Dusit Thani Bangkok Hotel, according to a release yesterday. The non-recurring expenses included special compensation for hotel staff and the absence of revenue from Dusit Princess Korat, which had been divested in 2017.
Suphajee Suthumpun, the chief executive officer of DTC, said the company showed satisfactory performance in 2018 and that the growth in net profit was driven by the implementation of a three-pronged strategy to achieve sustainable and profitable growth – namely balance, expansion and diversification. 
“DTC actively explored investment opportunities throughout 2018 to expand our lines of business and diversify risk,” she said. “This resulted in a variety of businesses, with the hotel business at the core. 
“To grow our customer base beyond our full-service, core hotel brands – Dusit Thani, dusitD2, Dusit Princess and Dusit Devarana – in 2018, we expanded into a new area – the lodging spectrum – by introducing ASAI Hotels, an affordable lifestyle brand designed to link curious, millennial-minded travellers with authentic local experiences worldwide. 
“We also expanded into the luxury segment with an investment in Elite Havens, the leading provider of high-end vacation rentals in Southeast Asia, paving the way for our entry into integrated luxury villa management and rental business across Indonesia, Sri Lanka, the Maldives, Japan and Thailand.
 

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