BANGKOK, January 16, 2024 -- Frasers Property (Thailand) Public Company Limited or "FPT", Thailand's first and leading integrated real estate company, is establishing a resilient property business that synergises all business groups in its portfolio: commercial, industrial, and residential. For the full 2023 financial year (October 2022 - September 2023), FPT delivered revenue totalling 16,810 million baht. This represents a 2.8% increase from the previous year, generating a net profit of 1,861 million baht, equivalent to 11% of total revenue. Despite a dynamic macroeconomic backdrop impacting its residential property business, the industrial and commercial businesses continued to generate strong recurring rental income throughout the year. As a result, at the Annual General Meeting 2024 (AGM), the company announced a dividend distribution of 0.40 baht per share, which will be paid on 13 February 2024.
At a glance
- Company
- Frasers Property (Thailand) Public Company Limited
- Location
- Bangkok, Thailand
Key figures
- FY2023 revenue
- 16,810 million baht
- Revenue increase
- 2.8%
- FY2023 net profit
- 1,861 million baht
- Net profit as share of revenue
- 11%
- Dividend per share
- 0.40 baht
People
- Lim Hua TiongDirector
- Chotiphat BijanandaChairman of the Management Committee, Director and Authorized Director
- Tithiphan ChuerboonchaiIndependent Director, Chairman of Audit Committee, Member of Corporate Governance and Sustainable Development Committee, and Member of Risk Management Committee
- Chainoi PuankosoomChairman of the Board, Independent Director, Member of Audit Committee, Chairman of Compensation and Nomination Committee, and Chairman of Corporate Governance and Sustainable Development Committee
- Chatchaval JiaravanonIndependent Director, Member of Audit Committee and Member of Compensation and Nomination Committee
- Busaya MathelinIndependent Director
- Thanapol SirithanachaiDirector, Authorized Director, Member of the Executive Committee, Member of Corporate Governance and Sustainable Development Committee, and Member of Risk Management Committee
FPT will continue to enhance its capabilities and performance to achieve stable and resilient business growth. The company has maintained its “A” level credit rating with a “stable” outlook according to TRIS Rating. FPT also achieved the AA level from SET ESG Ratings, which was formerly known as THSI, and maintained a high-performance standard by attaining the highest ‘A’ rating from the Global Real Estate Sustainability Benchmark (GRESB), a globally recognised sustainability benchmark , with a GRESB Green Star in both the Standing Investments and Development Projects categories.
From left to right:
- Mr. Lim Hua Tiong, Director
- Mr. Chotiphat Bijananda, Chairman of the Management Committee, Director and Authorized Director
- Assoc. Prof. Tithiphan Chuerboonchai, Independent Director, Chairman of Audit Committee, Member of Corporate Governance and Sustainable Development Committee, and Member of Risk Management Committee
- Mr. Chainoi Puankosoom, Chairman of the Board, Independent Director, Member of Audit Committee, Chairman of Compensation and Nomination Committee and Chairman of Corporate Governance and Sustainable Development Committee
- Mr. Chatchaval Jiaravanon, Independent Director, Member of Audit Committee and Member of Compensation and Nomination Committee
- Mrs. Busaya Mathelin, Independent Director
- Mr. Thanapol Sirithanachai, Director, Authorized Director, Member of the Executive Committee, Member of Corporate Governance and Sustainable Development Committee, and Member of Risk Management Committee
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In brief
Frasers Property (Thailand) Public Company Limited reported revenue of 16,810 million baht for the 2023 financial year, up 2.8% from the previous year, and net profit of 1,861 million baht. At its 2024 Annual General Meeting, the company announced a dividend of 0.40 baht per share, scheduled for payment on 13 February 2024. FPT said its industrial and commercial operations continued to provide recurring rental income while macroeconomic conditions affected its residential business. The company also reported maintaining an “A” credit rating with a stable outlook from TRIS Rating and receiving an AA rating in SET ESG Ratings. It said it earned an “A” rating from GRESB, along with a Green Star in both Standing Investments and Development Projects.
Key takeaways
- FPT announced a dividend of 0.40 baht per share at its 2024 AGM, payable on 13 February 2024.
- The company reported FY2023 revenue of 16,810 million baht and net profit of 1,861 million baht.
- Revenue increased 2.8% from the prior year, according to the company.
- FPT reported ratings from TRIS Rating, SET ESG Ratings and GRESB.
Earlier from Frasers Property (Thailand) Public Company Limited
- Frasers Property Thailand receives EUROMONEY awards for ‘Best Overall Developer’ and ‘Best Industrial and Logistics Developer’
- Frasers Property Thailand achieves SET ESG Ratings-GRESB-CGR for fourth consecutive year, demonstrating commitment to social responsibility and environmental stewardship
- Frasers Property Thailand maintains its 'A' from TRIS Rating for the third consecutive year, reaffirming its leading role as an integrated real estate developer
