Ananda Development breaks repeated company records
Ananda Development Public Co Ltd announced on Friday that total revenues rose 6 per cent year-on-year to Bt12.95 billion for the whole of 2017 – an all-time high record for the company.
In addition, the company reported strong annual pre-sales of Bt34.9 billion, an increase of 39 per cent.
Projects launched increased by 105 per cent over the 2016 launches, again reaching an all-time record of Bt42.5 billion, and comprising 11 condominium projects worth Bt36.6 billion.
This put Ananda in the position of the largest launcher of condominium projects in 2017 in Thailand, according to a company press release.
The company also released a business plan for 2018. It expects transfers to grow by 152 per cent year-on-year and delivering the results the company expected as part of its “4 in 4 roadmap, 4 times bigger in 4 years” during which it expects to grow transfers over 400 per cent in the next 4 years from Bt15.1 billion in 2017 to Bt70 billion in 2021.