Pruksa shows first quarter revenue of 4,171 million baht. Healthcare business grows 21% in 2nd quarter, preparing to launch 7 new projects worth 7,100 million baht. "Pruksa Holding" reveals operating results for the first quarter of 2024, generating revenue of 4,171 million baht, receiving a better response than expected from the issuance of 2 sets of bonds in the real estate business. Focus on increasing the proportion of premium products Moving forward with the plan to open 7 new projects in the second quarter, worth 7,100 million baht. The healthcare business is growing in every dimension. Revenue increased 21%, continuing to be a leader in health platforms. Ready to invest in increasing the proportion of generating regular income (Recurring Income) continuously. Mr. Uthen Lohachitpitak Group Chief Executive Officer of Pruksa Holding Public Company Limited revealed operating results for the first quarter of 2024 that the company generated revenue of approximately 4,171 million baht in the first quarter. Made a better gross profit margin of 32% compared to 31.5% in the fourth quarter of 2023 and continued to maintain a strong financial position. It has a low net interest-bearing debt to equity ratio (Net gearing ratio) of 0.31 times. There was an offer for sale of senior debentures. Guarantor type, 2 sets per institutional investor and large investor. The debentures were issued on May 9th, with a 2-year term with a fixed interest rate of 3.18% per year and a 3-year term with a fixed interest rate of 3.48% per year. They received a credit rating. By TRIS Rating Company Limited, it is at the A- level. The company would like to thank all investors for their trust. Resulting in receiving reservations approximately 1.5 times higher than the offering value, resulting in the company Able to raise funds from this bond offering in the amount of 4,500 million baht. The company plans to use the money received from this bond issuance. to repay bonds that are due and continue to expand the business to drive work as a whol e As for the real estate business, the company made transfers of 3,475 million baht and sales of 3,374 million baht. The single-family home product group had sales of 1,342 million baht, growing approximately 16% from the same period last year. Meanwhile, products in the premium group have been well received. This can be seen from the launch of sales of The Palm Bangna-Wongwaen 2 project in the first quarter. This is in line with the plan to open new projects that will increase the proportion of products in the premium group (more than 7 million baht) to 50% in the first half of the year. Still plans to open new projects, a total of 8 projects worth 9,000 million baht (1 project has already been opened in The first quarter includes The Palm Bangna-Wongwaen 2 project and in the second half of the year, 22 projects worth 20,000 million baht, which also has important highlight projects that will be opening soon, such as the new brand project 'Pine Wellness Residence Prachachuen' 3-storey detached houses and sem i-detached houses in the style of British Timeless Elegance and the project 'The Palm Residences Watcharapol', a luxury house in the style of a pool villa. Classic French Hussmann design with innovations in air filtration and energy reduction within the home (Active Air Quality, Active Air Flow), innovations for health and good living. Along with a medical team from Wimut Hospital and Chersery Home International Taking care of the health of everyone in the family at home is like having a family doctor. Concierge Service and services from the MyHaus application, an innovative smart home system that will be a center for taking care of safety in the home and facilitate residents and legal entities to use To create a different and outstanding selling point for the project. In addition, the company has sales waiting to be transferred (Backlog) worth 4,429 million baht and there are products still open for sale worth a total of 61,269 million baht, which can still support growth. up to 2 years Healthcare business There is a direction for growth in every dimension, generating income of 499 million baht, growing 21% compared to the first quarter of 2023, with the highest income in March. There are a number of inpatients and outpatients increased (divided into Thai patients and foreigners increased by 32% and 30%, respectively) During the past year, we continued to build on our plan to become a leader in the healthcare platform (Trusted Healthcare Platform), announcing the rebranding of Theptarin Hospital to 'Wimut Hospital. -Theptharin' promotes the potential of being an expert and an expert in diabetes and endocrinology. and plans to expand services to Pruksa residents through the provision of various benefits. In addition, Wimut Hospital We have also expanded additional services. Both jaw and facial surgery (Maxillofacial Surgery) opens 'Lasik Center, Vimut Hospital (ViMUT LASIK Center)' highlighting safe innovation With the innovative machine 'FEMTO LDV Z8' from Switzerland. Ready to construct a rehabilitation and he alth care center for the elderly and families in the Watcharaphon area. To support the health care of customers in housing projects in the area. and all nearby communities to complete the Pruksa ecosystem To meet the needs of living life according to the concept of "Stay Well, Be Happily" Operations to expand the business Generate regular income according to the Seed new business strategy, most recently moving forward with the construction plan of the mega project "Omega Bangna Logistics Campus", a fully integrated warehouse with modern logistics technology and complete solution services. Total value of 8,430 million baht on an area of ????Bang Bo, totaling more than 200,000 square meters, under a 51:49 joint venture with the fund "CapitaLand SEA Logistics Fund" with a construction period of 2 years to support the growing trend of the e-commerce business. It is expected to begin recognizing revenue from 2026 onwards, with Ally Logistics Property (ALP) bringing intelligent and integrated warehouse solutions. The most innovative in the logistics industry Taiwan's regulations also come to provide services. Source: Thai News Agency