Bangkok--16 Sep--Siam PR
Dr. John Millar, Head of Financial Strategy and Investor Relations for Ananda recently joined the Q2 Opportunity Day at the Stock Exchange of Thailand to update investors on the company's performance. He stated, "Ananda Development PCL announced Quarter 2 performance above guidance for both presales and revenue. Presales in the second quarter were 3.115 billion Baht, 53% higher than guided. Presales for the first half totaled 12.5 billion Baht, representing 54% of the company's initial annual presales target of 23 billion Baht, and the company announced an increase in pre-sales target to 26 billion Baht for the full year. The company ended the quarter with a backlog of over 34 billion Baht due to transfer over the next 3 years, with more than 70% of the second half's revenue target already presold and part of the backlog. Revenue for the second quarter was 1,541 million Baht, with 1,198 million Baht from sales of real estate, 8% above revenue guidance for the quarter."