SENA reveals 3,840 million baht in revenue for 6 months, 92% growth, ready to expand portfolio Responding to the needs of residents of all ages, stocking up a backlog of 6,879 million baht, waiting to recognize continuous income from 4 new projects, including Flexi Taopoon Interchange, Senakit Westgate-Bangbuathong Phase 2, and Senaki. BTS Saphan Mai, Senakit Rattanathibet-Bang Bua Thong

On August 17, 2023, Ms. Atika Boonrodchu, Director of Fund Allocation and Investment, Sena Development Public Company Limited or SENA, revealed that Sena's performance and its subsidiaries In the first half of 2023, revenue from real estate totaled 3,840 million baht, an increase of 92% compared to the same period last year at 2,000 million baht.

Divided into revenue recognition from real estate sales of self-developed projects of 1,111 million baht and revenue from real estate sales of joint venture projects of 2,729 million baht. Real estate from self-developed projects amounted to 1,352 million baht and real estate sales from joint venture projects amounted to 3,521 million baht.

SENA has a total income of 4,427 million baht, including income from real estate business 3,840 million baht, rental and service business 307 million baht and income from solar business 280 million baht, which has a gross profitability of 35% and is Net profitability of 9.5%, representing a net profit for the first six months of 239 million baht, a decrease compared to the same period of the previous year.

Because the main factor came from the same period last year. Extra profit from bargain purchase of SENX and adjustment of project management contract and recognized the sale of assets of subsidiaries Board of Directors has foreseen the risk management approach to respond to the situation The world's monetary and interest rates are on the rise.

Including the movement of the money market. current capital market In order for the company to have a strong cash flow to cope with the risks from such factors. Therefore resolved to omit the interim dividend payment in the year 2023 and will consider the dividend payment again at the end of the year 2023.

However, the company still has a strong status of sales waiting to recognize revenue (Backlog) as of July 31, 2023 that continues to grow. both of the company and its subsidiaries valued at 6,879 million baht.

divided into 868 million baht for self-developed projects and 6,010 million baht for joint venture projects, with 4 projects ready to transfer ownership in the second half of the year

Consists of 1. Flexi Taopoon Interchange 2. Senakit Westgate - Bang Bua Thong 2 3. Sena Kitt BTS Saphan Mai 4. Senakit Rattanathibet - Bang Bua Thong

As a result, the company has accumulated inventories totaling 27,224 million baht, which will play an important role in creating value and revenue in the future.

The company plans to expand new businesses developed to cover consumer care. Both the juristic person management service business credit service Sale of housing-related goods to support the E-COMMERCE market in the future

health service business warehouse business and logistics including clean energy and forestry businesses which is an aggressive strategy To be more than a real estate developer under the concept of "The Essential Lifelong Trusted Partner"

As for the investment plan in the second half of 2023, the company remains committed to business development under the Made Form Her concept, “Thinking in more detail. is more comfortable.”

by focusing on taking care of the quality of life of customers of all ages and strive to develop the business to grow with 2 main strategies, namely

1.Convenient Living cares about the convenience of living. Add functions to use in homes and condominiums.

2.Sustainable Living: Paying attention to sustainable living and taking care of the environment by applying the concept of Smart City to develop various features in the project so that the residents can easily live a carbon-reducing lifestyle every day.

Developed as a low-rise project under the concept of "zero energy house" (zero energy house) or Zero Energy House (ZEH), an extension of Hankyu Hanshin Properties Crop. (HHP).

Product research and development company with Chulalongkorn University Academic Service Center (Chula Unisearch) to design a residence that is suitable for the environment and way of life of Thai people

Research has shown that the zero energy home concept can reduce energy consumption by up to 38%.

In addition, in the development of high-rise projects or condominium The concept of Smart City was used to develop a "Low-Carbon Condo".

To create a lifestyle of comfortable living and sustainable happiness. by starting to develop the product and open for sale from the 3rd quarter of 2023 onwards

Source:https://www.prachachat.net/property/news-1372127

Date 17/08/2023