LH’s 1Q19 Profit Sinks 26% to ฿1.82bn. from Lower Sales Income

Land and Houses Public Company Limited (LH) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

In the first quarter of 2019, LH recorded the net profit in the amount of THB 1,825.80 million, decreased of 639.88 million baht or 25.95% when compared to the net profit in the amount of THB 2,465.68 million in the first quarter of 2018.

The decrease of profit in the first quarter of 2018 was due to the recorded sales income in an amount of THB 5,698.25 million while the same period last year LH recorded sales income in an amount of THB 7,974.52 million, decreased of THB 2,276.27 million or decreased by 28.54%.