A5 Foresees Bright Q1/2025, Launches CINQ ROYAL The Eighteen Bangna KM.7, Reports 18.96% Growth in 2024 Revenue
Asset Five Group Public Company Limited (A5) remains on a positive growth trajectory, with a promising outlook for Q1/2025. The company has officially launched its ultra-luxury project, “CINQ ROYAL The Eighteen Bangna KM.7,” with strong customer interest, particularly from the ultra-luxury market. A5 also posted impressive financial results for 2024, reporting revenue of 1,806.10 million baht, up 18.96% from the previous year, and a net profit of 453.28 million baht. The board has approved a dividend of 0.10 baht per share.
Strong Sales and Positive Outlook for Q1/2025
Mr. Supachoke Panchasarp, CEO of Asset Five Group Public Company Limited (A5), a leader in luxury residential property development, shared that despite economic challenges, the company remains on track for positive growth in Q1/2025. The company continues to see strong demand for ultra-luxury homes, particularly among foreign investors, who are increasingly drawn to Thai real estate. A5 officially launched the “CINQ ROYAL The Eighteen Bangna KM.7” project, with prices starting at 75 million baht, which has already garnered excellent customer response. This new project caters to the affluent clientele in Bangna, an area rich in amenities such as shopping malls, international schools, and golf courses. The company believes this project will significantly contribute to its continued growth.
Targeting Premium Markets and Strategic Partnerships
A5 is focused on targeting luxury brand partnerships to offer exclusive experiences and privileges to its high-end clientele, for whom luxury homes represent not just a place to live but an integral part of their lifestyle and investment strategy. The company’s strategy is aimed at enhancing value by focusing on high-potential locations like Bangna, where its projects promise strong returns. The company continues to position itself as a leader in the luxury residential market.
Commitment to Sustainability and Future Growth
Looking ahead, A5 is expanding its portfolio into new business sectors, aiming to diversify its revenue streams beyond real estate. The company is also taking a proactive approach to managing financial risks, ensuring long-term competitiveness. Its operations align with ESG principles, focusing on sustainability with a goal of achieving carbon neutrality by 2050. Upcoming initiatives include advanced air circulation systems, solar rooftops, and EV charger installations.
2024 Financial Performance
A5’s total revenue for 2024 reached 1,806.10 million baht, an 18.96% increase from the previous year’s revenue of 1,495.70 million baht. This growth was driven by strong sales from the CINQ ROYAL Krungthep Kreetha project, which now has only two units remaining for sale. The company reported a net profit of 453.28 million baht.
Dividend Approval
The board of directors has approved a dividend payment of 0.10 baht per share, totaling no more than 117,800,004.50 baht, representing a 20.50% dividend payout ratio for 2024, after legal reserves. This demonstrates A5’s commitment to rewarding its shareholders while maintaining its strong financial position.
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