KUN Shows a Net Profit of ฿11M in 1Q as Revenue Hikes 5% from Unit Transfer

Villa Kunalai Public Company Limited (KUN) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

KUN reported a net profit of 11.51 million baht, decreased 18.42% when compared to a net profit of 14.11 million baht in 1Q19.

KUN’s total revenue in 1Q20 increased by 7.7 million baht or 4.97% YoY. The company had total revenue from sale of real estate of 161.85 million baht, increased 7.87 million baht or 5.11% YoY due to the units transferred from 45 units in 1Q19 to 52 units in 1Q20.

Selling expense in the quarter increased 4.92% to 12.05 million baht, while administrative expense decreased 7.39% to 13.26 million baht.