Hemaraj sees lukewarm Q3 | Bangkok Post: property

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Hemaraj sees lukewarm Q3

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Hemaraj Land and Development Plc (HEMRAJ), the SET-listed industrial land and property developer, posted almost flat net profit in the third quarter despite a sales surge of 31% year-on-year. 

President and chief executive David Nardone said net profit edged up by only 1% year-on-year to 625 million baht on revenue of 1.1 billion baht from the sale of 789 rai.

In the first nine months of this year, net profit was 2.08 billion baht, up by 30% year-on-year, on revenue of 6.32 billion, up by 36%.

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