Singha Estate on-track for major revenue growth
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Listed property firm Singha Estate Plc is making progress on its revenue target of Bt20 billion in the year 2020 by investing in residential development projects and in mergers and acquisitions in the global hotel business, CEO Naris Cheyklin told a press conference on Monday.
Earlier this year, the company invested Bt11.07 billion in a takeover of the Outrigger Hotels Hawaii chain of six hotels in four countries – Thailand, Fiji, Mauritius and Maldives.
The company is aiming for double-digit revenue growth from its 2017 total revenue of Bt6.22 billion and net profit of Bt571 million.
