ORI’s 2Q19 Profit Reaches ฿737m from Higher Recognition in Real Estate Revenue
ORI’s 2Q19 Profit Reaches ฿737m from Higher Recognition in Real Estate Revenue.
ORI’s 2Q19 Profit Reaches ฿737m from Higher Recognition in Real Estate Revenue.
15 ส.ค. 2562

Origin Property Public Company Limited (ORI) as reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

 
ORI recorded a net profit of 2Q in 2019 THB 737.29 million. The revenues from sales of real estate, in the period of the six-month period ended June 30th, 2019, the accumulated amount of THB 5,826.2 million, or 85.8% from the total revenues, an increase of THB 213.6 million, or 3.8% YoY. 

As a result of that The Group were able to recognize revenue consistently, due to the completion of 21 projects in the year 2018, and another 6 newly completed project transferred on June 2019 (B-Loft Lite Sukhumvit 115 B, Britannia Mega Town-Bangna, Britania Bangna-KM.12, Kensington Sukhumvit – Theparak, Knightsbridge Phaholyothin Interchange, and Britania Wongwaen—Hathairat) thus increasing The Group revenue recognition even more.
The Group generated a net profit, in the period of the six-month period ended June 30th,2019, accumulated amount of THB 1,457.5 million, or 21.5% from the total revenue, a decrease of THB 50.8 million , or 3.4%, due to Gain from transfer of right for land purchase and sale agreement THB 312.0 million in 2018, however The Group still maintain a high net profit margin at 21.5%. 