Asset Five Group Public Company Limited (A5) has announced its financial results for Q3/2024, posting total revenue of 558.59 million baht and a net profit of 178.79 million baht. For the first nine months of 2024, the company recorded total revenue of 1.478 billion baht and a net profit of 488.89 million baht, reflecting a 40.59% increase compared to the same period in 2023, which reported a net profit of 347.72 million baht. This growth is attributed to strong revenue recognition from property transfers at CINQ ROYAL Krungthep Kreetha and robust sales performance at VANA Ratchapruek-Westville, which has achieved over 70% sales in its current phase.
A5 currently holds a backlog valued at 900 million baht as of November 2024, which will contribute to revenue starting from Q4/2024, ensuring the company’s continued strong performance.
Positive Q4/2024 Outlook with New Luxury Project Launch
Looking ahead, A5 anticipates a strong finish to 2024, driven by resilient demand in the luxury real estate market. The company plans to launch CINQ ROYAL The Eighteen Bangna KM.7 in Q4/2024. This exclusive low-density development features 18 luxury three-story mansions adjacent to a golf course, with prices ranging from 75 to 200 million baht. The project is set to build on the success of A5’s previous development at Krungthep Kreetha and further strengthen the company’s market position.
Strategic Focus on Real Demand and Quality
A5 remains focused on delivering projects that align with customer needs, particularly in the luxury segment, which continues to exhibit robust purchasing power despite economic uncertainties. The company’s commitment to prime locations, exceptional quality, and thoughtful design has helped attract high-demand buyers, as reflected in the strong performance of its current projects.
“We are committed to maintaining the trust of our real demand customers by offering exceptional properties that meet their expectations in terms of location, quality, and design,” said Mr. Supachoke Panchasarp, Chief Executive Officer of A5.
Commitment to Sustainable Growth
In line with its long-term vision, A5 continues to prioritize sustainable development by adhering to ESG principles. The company is focused on reducing its carbon footprint during construction and aims to achieve carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065.
A5’s strong financial performance and commitment to sustainability solidify its position as a leader in the luxury property market, driving both business success and environmental responsibility.
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