LH Posts a 1Q21 Net Profit of ฿1.7Bn, Up 30%, Due to a 40% Rise in Sales Income

Land and Houses Public Company Limited (LH) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

In the first quarter of 2021, LH recorded the net profit in the amount of 1,744.41 million baht while the same period last year recorded the net profit in the amount of 1,343.99 million baht, increasing of 400.42 million baht or 29.79% because sales income was 7,140.20 million baht, an increase of 2,091.91 million baht or 41.44%, compared to an amount of 5,048.29 million baht in the same period of last year.

 

Gross profit margin for the quarter was 31.87%, while the same period last year the company recorded a gross profit margin of 29.51%, increased by 2.36% as a result of the increase in sales of single detached house in higher margin than the same period last year. The increase in sales and gross profit margin in 1 and 2 make an increase of 786.01 million baht in gross profit.