Country Group Development Public Company Limited (SET: CGD) reports a significant new sales and transfers of Four Season Private Residences Bangkok resulting in a turnaround operating result in Q1/2022 of Baht 121.6 million.
After the Thailand Reopening and government measures lifted during Q1/2022, the company significantly achieved additional new sales of approximately Baht 1.9 Billion, as well as transfers and revenue recognition amount of Baht 1.95 billion. The revenue in Q1/2022 in approximately 61% of total revenue in 2021
The total revenue of Baht 2,002 million in Q1/2022 increased by 104.6% of the same period last year or of 61% of entire 2021together with the strong margin of 49% and the significant decrease in finance costs resulted in the company net profit of Baht 121.6 million.
