Discussion

For the past year, considering only a total of about 35 residential real estate development companies, there was a total combined revenue of more than 1.61 billion baht, an increase of 16.18% from 2010’s income of 1.39 billion baht. Profit was set at 23,314.16 million, up 26.43% from 2009’s value of 18,439.10 million. The top three companies in terms of gross revenue were Pruksa, Sansiri PCL and Land and House PCL. The top three most profitable companies were Land and House, Pruksa and Supalai PCL. In construction, the top three highest grossing were Italian-Thai Development, CH Karnchang PCL and Sino-Thai Engineering & Construction PCL. The top three highest earning contractors were Sino-Thai, Christiani & Nielsen and Toyo-Thai Corporation PCL.

However, during the past year many companies growth performance increase but at the same time many companies also loss from operations especially five residential development companies with its operating losses were Golden Land Property Development Ltd. (Thailand) loss more than 285 million, Living and Capital PCL (Thailand) loss more than 148 million, Grand Canal Land PCL (Thailand) loss 86.25 million baht, Everland PCL loss 39.10 million and KC Property PCL loss around 8.31 million.