(Mr. Thanapol Sirithanachai)

2015 was the final year of our important corporate plan, known as the “three golden steps”, which aimed initially to return the Company’s operational performance to profitability by 2015. According to this plan, 2015 should be the year in which the Company promoted its business growth following its scheme “Building Growth” to underpin its sustainable future.

As we achieved a successful turnaround in profitability in 2014, a year earlier than planned, it was thus possible for our company to be more focused on our forthcoming mission of positioning ourselves among the top five national property development companies by 2020. In 2015 we strengthened our key business growth in the following operations:

  1. Development of the FYI Center - an office building located on the corner of Rama IV and Ratchadapisek Roads. The project accomplished over 90% with pre-lease status of over 50%.
  2. Placing both our Sathorn Square and Park Ventures Ecoplex of Univentures Public Company Limited into a newly founded Golden Ventures Leasehold Real Estate Investment Trust (GVREIT). This investment trust shall have total investment assets of over Baht 10 billion.
  3. Launching 685.7 million new shares issued under capital increase for Frasers Property Holdings Thailand Co., Ltd. (“FPHT”), a subsidiary of Frasers Centrepoint Limited (“FCL”) at Baht 7.25 per share totaling Baht 4,971 million. (4) Planning to invest in a mixed-use project in the Sam Yan area worth over Baht 8.5 billion with Thipphatthana Arcade Company Limited.

We are pleased to announce a continued profitability for our second consecutive year. In 2015, we recorded total revenue of Bath 8,592 million, or a 93% surge from the prior year. The main income drivers were from record-breaking home sales, surges in ownership transfer of low-rise developments, and better-than-expected earnings from office space rental.

The successful achievements of Golden Land Property Development PLC in the past year resulted undeniably from the diligent efforts and contribution of all our management, staff, and stakeholders. As the President of Golden Land Property Development PLC I would like to thank all of them for their trust and support over the years, and I wish that we will continue to receive such meaningful trust and support so that we can all reach our corporate goal of being among the top five national property development companies in the near future.

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