Confident on 2023 prospects with a significant turnaround
Raimon Land Public Company Limited (RML), a leading luxury and ultra-luxury real estate developer, announced fourth quarter and full year 2022 financial performance with a significant Q4 growth.
The company recorded Q4 net profit of 43 million Baht, a turnaround from a net loss of 457 million Baht in the same period last year, and presales of 803 million Baht in Q4, an increase of 73% year-on-year, with full-year sales totalling 2,745* million Baht, representing an increase of 9% from the previous year. The improved performance was driven mainly by the higher-than-expected ownership transfer of ‘The Estelle Phrom Phong’, an ultra-luxury condominium developed under a joint venture between…
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