KUN Reports a 138% Increase in 1Q21 Earnings from the Recognition of “Kunalai Preem”

Villa Kunalai Public Company Limited (KUN) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

KUN reported a net profit of 27.41 million baht in 1Q21, increased 138.15% from a net profit of 11.51 million baht in 1Q20.

 

Total revenue increased by 27.89 million baht or 17.23% from 161.85 million baht to 189.74 million baht.Total units sold increased from 52 units in 1Q20 to 58 units in 1Q21 because of the new project, Kunalai Preem. It contributed 74 percent of total units sold during 1Q21.

 

Gross profit increased by 21.77 million baht or 55.58% from 39.17 million baht to 60.94 million baht. Gross profit margin increased from 24.20% in 1Q20 to 32.12% in 1Q21 because the price of the main products, including single and twin houses, has been increasing since the beginning of 2021.