The SET-listed developer Pruksa Real Estate Plc (PS) predicts revenue and presales of 26 billion and 29 billion baht, respectively, this year after last year's flooding froze domestic housing demand.
The widespread floods battered the company's presales and revenue in the final two quarters of 2011. Presales had soared from 22.77 billion baht in 2009 to 38.75 billion baht in 2010.
Presales dropped to 25.31 billion baht last year, also below the company's target of 42 billion baht. PS revenue was essentially flat at 23.42 billion baht in 2011, compared with 23.4 billion in 2010.
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