(Mr. Thanapol Sirithanachai)

The success of our important corporate plan, known as the “three golden steps” (2013-2015), helped strengthen our company from its core foundation and returned it to profitability earlier than previously forecasted. That returning to profitability is our primary management mission after the restructuring of our shareholders’ structure in 2013. As for our operations in 2016, our company continues to step forward in our growth path and further create financial strength to support our goal of becoming one of the top-five real estate development companies in Thailand within 2020.

In 2016, our company set the operational plan on the “Extending Growth” and I am proud to inform you that we have reached another mission goal on the following operational successes:

  1. launched the residential developments with a total value exceeding Baht 11,200 million. This year our revenues from residential projects grew by 88%,
  2. launched the Golden Ventures Leasehold Real Estate Investment Trust in the Thai stock market.
  3. Recognized the incomes from the office building of the FYI center which is located at the corner of the Ratchada - Rama 4 intersection, whereas the Modena by Fraser also fully opened for business last year.

As for our company’s operational performance for the year, it achieved the targeted goals of becoming a Baht ten billion real estate development company with the annual revenue of Baht 11,143 million, or an increase of 30% from the previous year. Our company’s operational success and sound financial strength led TRIS Rating Co., Ltd. to assign a BBB+ rating to us, which is an upgrade from the BBB rating. This reflects our strong capital structure which is contributed by the continued growth in revenue and business performance.

With the ongoing support from all our shareholders, staff, and executives, we, Golden Land Property Development PLC has thus achieved our present day objective. As the President, I would like to extend my sincerest thanks to all stakeholders for their continued trust and hope that we shall continue to receive this support from all parties concerned so that our company can become a sustainability-focused real estate market leader of the country.

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