ANAN Books 5.5 Million Baht of Profit in 1Q21 without Any Extraordinary Items
Without extraordinary items as in 1Q20, ANAN recorded a net profit in 1Q21 at 5.5 million baht.
Ananda Development Public Company Limited (ANAN) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
ANAN reported a net profit of 5.54 million baht in 1Q21, decreased 96.31% from a net profit of 150 million baht in 1Q20. The decrease was mainly due to the same quarter last year recording of the sale of investment in a subsidiary company, namely Bira Circuit One Co., Ltd. and Bira Kart Co., Ltd. in the amount of 356.5 million baht, in line with the strategy to reduce proportion of non-core business and emphasizes on increasing the efficiency of the company’s core business.
1Q21 share of profit from investment in joint ventures was 155.3 million baht, a decrease of 4.2 million baht or 2.6% from the same period last year. In 2020, there were seven new condominium projects which just finished and started to transfer including Elio Del Nest, Ideo Q Victory, Ashton Asoke-Rama9, Ideo Q Sukhumvit 36, Ideo Mobi Sukhumvit Eastpoint, Ideo Ratchada-Sutthisan, and Elio Sathorn-Wutthakat.
