Mr. Sopon Racharaksa, President of Frasers Property (Thailand) Public Company Limited or "FPT" (formerly known as TICON), the leading provider of smart integrated property platform, by recently held an analyst meeting to announce the performance during the first quarter of fiscal year 2019 started from 1 October to 31 December 2018. The company recorded total revenue of 2,577 million baht, an increase of 341% year-on-year with net profit at 684 million baht, a sharp rise of 190% during the same period. This was mainly driven by an outstanding net lease area that led to higher occupancy rate of 72% for factory and 79% for warehouse portfolio under management. Sales of quality assets to FTREIT in December 2018 further boosted the strong operating results by adding revenue of THB1,907 million. The company also shared progress of its various businesses which remain on track and revealed strategy for 2019 under the new corporate identity FPT that took effect in January. Under the unifying idea 'experience matters', FPT is committed to creating valuable experiences to our customers through the smart integrated platform that provides complementary real estate services. Adoption of a unifying global brand "Frasers Property" will further broaden abilities and opportunities to expand our businesses. The analyst meeting was held at 31th floor, The Bangkok Club, Sathorn City Tower.
Picture (From left):
- Miss Anchalee Jieratham, VP-Investor Relations of Frasers Property (Thailand) Public Company Limited
- Mr. Sopon Racharaksa, President of Frasers Property (Thailand) Public Company Limited
- Miss Kamonkarn Kongkathong, Head of Corporate Strategy & Investment of Frasers Property (Thailand) Public Company Limited
