SET: AP
10.10 Baht
-0.10 (-0.98%)
Anuphong Assavabhokhin
Chief Executive Officer

The past year marked the third year in which the Covid-19 crisis has been with us. What is more important than handling the same challenges that keep repeating themselves is the ability to move forward the line that divides between the gap of such a crisis and the beginning to move on. The previous year brought us both good and bad times, when we had to be alarmed at all times, watch out for an endless outbreak, and manage our lives while adjusting to the emerging disease. Furthermore, the local economy is recovering, which has been slow. Despite an unfavorable situation recently, AP Thailand continued to strive for leaping growth.

We launched 51 projects with a total value of over THB 63,600 million in the past year. The net sales volume hit THB 50,415 million or a growth of 44% when compared to the previous year, exceeding the targeted goal. Income from the low-rise project which includes condominiums (100% JV) and other businesses reached THB 49,388 million, a growth of 23.4% from the previous year. The net profit soared to THB 5,876 million, an increase by over 29%. Moreover, the net debt to equity ratio was only 0.58 times thanks to our stringent financial stabilization. Such a progressive outcome is the mirror that reflects clearly our strength and readiness which was paved by internal management which the Company has put for top priority in the past years.

Today, we have experienced the Covid-19 crisis, and we should continue to prepare and embrace readiness in all aspects. The real-life situation always brings us new challenges to solve and handle together with moving forward to build the continual and sustainable growth.

AP Thailand will always conduct business with prudent caution despite the fact that the Thai economy has shown positive signs in this 2022, where many businesses can carry on and expand. Under the major vision that emphasizes the EMPOWER LIVING which we have adhered to as a core principle in business operation and to create a leaping growth of AP Thailand today.

This year, we will use our own expertise to build opportunities and advantages that cover a lot of different areas. It will be more challenging to achieve the working goal. This year, 58 projects will be developed with a total value of approximately THB 77,000 million, marking the highest value in this industry. Based on our in-depth work which has been intensified for the 3 major businesses which are Condominium, Single Detached House, and Townhome, we are committed to working together to bring about business growth at a greater pace as well as to seek for marketing gap, creating new products and services to support core business in the long term in a holistic approach.

I, on behalf of AP (Thailand) Public Company Limited, would like to thank all customers, shareholders, and debenture stockholders including all alliances for your ongoing trust and support to AP. I hope that we will always have your trust and will join the journey together with AP.