ORI’s Profit raises 47% to ฿720M from Business Growth Due to Higher Revenue Recognition
ORI’s profit raises 47% to ฿720M from business growth due to higher revenue recognition 
ORI’s profit raises 47% to ฿720M from business growth due to higher revenue recognition
13 พ.ค. 2562

Origin Property Public Company Limited (ORI) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

 
ORI recorded a net profit in the first quarter of 2019 at THB 720.60 million, compared with the same period of last year showing a revenue at THB 488.85 million, increasing by 47.41%.
Revenues from sales of real estate, in the period of the first quarter of 2019, accumulated amount of 3,000.4 million baht, or 86.9% from the total revenues, an increase of 1,013.7 million baht, or 51.0% compared on the same period from last year. 
As a result of that ORI were able to recognize revenue consistently, due to the completion of 20 projects in the year 2018, and another 3 newly completed project transferred on March 2019 (B-Loft Lite Sukhumvit 115 B, Britania Mega Town-Bangna, and Britania Bangna-KM.12) thus increasing ORI revenue recognitions even more. 
 