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Thai developers optimistic despite flagging bottom lines

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A delay in turnovers to customers, coupled with ever-tightening mortgage policies, has weighed down the revenues and net profits of most top Thai property developers in the first quarter of 2017, The Nation reported, citing recent quarterly financial results from top 10 SET-listed property firms.

Pruksa Holding, one of the country’s biggest developers, reported a Q1 2017 revenue of THB8.07 billion (USD234 million), down 21.5 percent from Q1 2016. Net profit for the Bangkok-based firm meanwhile sank 45.1 percent to THB681 million

Source>Property Report

Read More.http://www.property-report.com/thai-developers-hit-by-profit-slump/

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