LPN aims to launch 16 residential projects this year
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Listed property firm LPN Development Plc has set aside an investment budget of Bt4 billion to purchase land to develop 16 residential projects this year, the company’s chief executive officer and managing director Opas Sripayak, told a press conference on Friday.
The projects would boost its revenue Bt13.5 billion in this year by 15 per cent over last year, up to Bt12 billion from residential projects sale as the next Bt1.5 billion from recurring income, he said.
In the first nine months of 2018, the company recorded total revenue of Bt7.1 billion and net profit of Bt839.38 million.
Six of the 16 new residential projects to be launched this year will be condominiums, with a Bt12 billion worth, while the remaining 10 will be single detached house and townhouse worth Bt8 billion, he said.
