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Real Estate And Construction Business Report

Real estate and construction businesses reported revenue throughout 2010 with income over 3 trillion baht and a total profit of 35 billion baht. Italian-Thai Development PCL revenue was up to 36,676 million Baht

Especially, 35 housing developers combined earnings of 1.61 billion grew 16% and profits jumped more than 26% to an excess of 23 billion baht. Ranking first on profit earning Land House valued at more than 3,876 million and Pruksa rank first for earnings at 23,406 million.

In the property sector and the construction sector, not including building materials, 62 companies in 2010 had revenues from operations at more than 3.07 billion baht, an increase 2.72% from 2009 with revenue value more than 2.99 billion baht, while profit from operations of all companies equivalent to 35,261.90 million baht, up 39.13% growth from 2009 with total profit of 25,343.62 million Baht

The top 3 Company that has the highest earnings are Italian-Thai Development PCL.

(Thailand), which engages in construction with income more than 36,676.30 million baht, but growth declined from 2009 at a rate of 8.98% of total revenues 40,296.79 million baht, while last year profits group rank 26 worth 317.85 million baht having positive earnings from 2009 with company losses of 1,840.04 million Baht

Pruksa Real Estate PCL (Thailand), second highest revenue earning company who developed different residential project. Grossing over 23,406.96 million baht with growth over year 2009 at a rate of 22.97% of revenue worth 19,033.44 million baht and 3rd ranking were Sansiri PCL., with revenues worth 18,754.95 million baht, up 17.42% from year 2009 valued at 15,972.41 million baht, profit increased by 95.30% from year 2009 with profit of 971.85 million baht, increased to 1,898.09 million baht in the past years and rank 8th in the most profitable company category.

Considering the portion of profits during the past year, 3 companies with the highest profitable, are Land and House PCL. major real estate development firm profit up over 3,876.13 million baht. An increase rate of 0.20% from year 2009 with profit of 3,868.05 million baht and rank 4th in highest revenue income at 17,478.04 million baht, decrease at rate of 2.33% from year 2009 with total revenues of 17,896.54 million Baht

For second most profitable Companies are Pruksa with profit value in 2010 at 3,488.14 million baht, but growth earnings decline at a rate of 3.69% from earnings in 2009 valued at 3,621.83 million baht. Ranked 3rd Supalai PCL with profit value of 2,602.18 million baht, up 4.12% from previous year valued at 2,499.18 million baht. Although rank 8th in the highest company income results, with earnings over 11,183.53 million baht, up 15.40% from 2009 valued at 9,690.47 million Baht

For the past year, considering only residential real estate development company with total of about 35 companies. Total combine revenue of more than 1.61 billion baht, an increase of 16.18% from past year with income of 1.39 billion baht. Profiting 23,314.16 million baht, up 26.43% from year 2009 valued of 18,439.10 million baht. The top 3 highest revenue companies are Pruksa, Sansiri PCL, Land and House PCL. The top 3 of the most profitable companies are Land and Houses, Pruksa and Supalai PCL. For Construction Company top 3 highest grossing were Italian-Thai Development, CH Karnchang PCL and Sino-Thai Engineering & Construction PCL. The top 3 highest earning contractors are 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 5 residential development companies with its operating losses were Golden Land Property Development Ltd. (Thailand) loss more than 285 million baht, Living and Capital PCL (Thailand) loss more than 148 million Baht, 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 Baht

For building contractor with operating losses were Ch. Karnchang PCL loss more than 319.27 million baht, Scan Global PCL, with its performance up to 3rd Quarter in 2010 losses more than 94.72 million baht and EMC PCL loss more than 71.35 million Baht

In the past year results, most of the companies listed on the SET sees significant growth because of economic conditions in the past year facilitate business growth. Coupled with huge demand for housing which continued into the second year since 2009. Last year real estate business had the highest growth since 2007 and growth will continue this year as well.

It is believed that businesses will continue to expand continuity for another year because real demands still exist even though current oil prices and interest rates are increasing. If companies expand gradually there should not be problem and everyone would be able to adapt. One important factor that will halt business is the problem of political violence that has increased.