最新ニュース
Hemaraj Net Income Soars 87% to Baht 1.19 Billion Industrial Land Sales number one market share for 2006
02/03/2007
Bangkok, 1 March 2007: Hemaraj Land And Development Plc, Thailand’s leading developer of industrial estates and residential properties, announced total net income of Bt 1,190.7 million for 2006, an 87% jump over the previous year. This equated to net operating income of Bt 971.9 million for the developer, a yearly increase of 67%. The profit rise was due to an expanded property development strategy that saw improved margins from industrial estates, property and utilities business.
“Hemaraj ended 2006 with record top line revenue and bottom line profitability despite both uncertain global conditions and local political constraints,” said David Nardone, President & CEO of Hemaraj Land And Development Public Company Limited. “We attribute last year’s successes to broadening our revenue development.
“While our core business of industrial estate sales took the industry’s number one position with 25% of the market at 712 rai sold, we also saw a 28% jump in revenue streams from our industrial estate utilities and a 90% jump in revenue from The Park Chidlom.”
Total operating revenue from Hemaraj’s core businesses in 2006 was Bt 3,775.2 million, an improvement of 29% over 2005. Operating revenue from utilities increased to Bt 584.8 million, an increase of 28% over 2005. Total revenue was Baht 4,079.1 million, an increase of 36%.
During 2006, 2,946.18 million units of warrants were exercised to common shares. As of December 31, 2006, there were 9,036.93 million common shares and 672.45 million warrants outstanding. Hemaraj paid Bt 0.03 per share interim dividends for the 1st half 2006 operating results. The board of directors has recommended a year end dividend of Bt 0.04 to be considered at the year end shareholder’s meeting
The company’s Eastern Seaboard Industrial Estate (Rayong), which is dubbed the “Detroit of the East”, is home to 113 automotive manufacturers, including makers of auto parts, accessories and appliances. Set up on 8,628 rai in Rayong, the industrial estate serves as an automotive cluster offering location and logistic advantages to several auto manufacturers and integrated suppliers.
As an extension to ESIE, the company has launched Hemaraj Eastern Seaboard Industrial Estate (Hemaraj ESIE) to promote the automotive and export clustering concept. With a 8,000 rai area, Hemaraj ESIE doubles Hemaraj’s land bank on the Eastern Seaboard. Some 2,000 rai of Hemaraj ESIE is now available for sale. Of that, 765 rai of land has been designated as a Customs Free Zone. In April, the two estates will be connected by a new traffic corridor. For ESIE customers, this will offer a shorter and second highway access to Laem Chabang Deep Seaport. As for new customers at Hemaraj ESIE, this will provide them an opportunity to connect with the existing large automotive supply chain in ESIE.
So far, Hemaraj has built more than 88 SME factories with a combined size of over 180,000 sqm. “With the predicted fast growing demand in ready-built factory leasing, Hemaraj sees promising potential in this segment which will continue to steadily contribute to the company’s operations,” said Mr. Nardone.
The company is developing S I L Industrial Land (Saraburi) as an electronics and logistics cluster in line with its location advantages. S I L, is strategically located in central Thailand with well-connected highways and rail networks.
Located on 3,655 rai, S I L Industrial Land (Saraburi) offers BOI Zone II incentives. Currently it is home to 46 companies representing 10 countries. The potential of S I L as electronics cluster is also unbeatable as the area surrounding S I L enjoys well-established human resources and is in proximity to several R&D centers. There is an abundant water supply from Pasak Cholasith Dam. A Free Zone of 428 rai is currently available and SME factories for Rent and Sale are coming up in Q2 2007
“Even though there has been a slowdown in the Thai economy, we are extremely pleased with the results we have seen for 2006,” concluded Mr. Nardone. “Our revenue is broader and more predictable from land sales, service income from industrial estate development with solid financial strength to allow us to weather downturns in the property development market. Recently, TRIS maintained Hemaraj’s Company Rating at BBB+, the same as last year.”
“Hemaraj ended 2006 with record top line revenue and bottom line profitability despite both uncertain global conditions and local political constraints,” said David Nardone, President & CEO of Hemaraj Land And Development Public Company Limited. “We attribute last year’s successes to broadening our revenue development.
“While our core business of industrial estate sales took the industry’s number one position with 25% of the market at 712 rai sold, we also saw a 28% jump in revenue streams from our industrial estate utilities and a 90% jump in revenue from The Park Chidlom.”
Total operating revenue from Hemaraj’s core businesses in 2006 was Bt 3,775.2 million, an improvement of 29% over 2005. Operating revenue from utilities increased to Bt 584.8 million, an increase of 28% over 2005. Total revenue was Baht 4,079.1 million, an increase of 36%.
During 2006, 2,946.18 million units of warrants were exercised to common shares. As of December 31, 2006, there were 9,036.93 million common shares and 672.45 million warrants outstanding. Hemaraj paid Bt 0.03 per share interim dividends for the 1st half 2006 operating results. The board of directors has recommended a year end dividend of Bt 0.04 to be considered at the year end shareholder’s meeting
The company’s Eastern Seaboard Industrial Estate (Rayong), which is dubbed the “Detroit of the East”, is home to 113 automotive manufacturers, including makers of auto parts, accessories and appliances. Set up on 8,628 rai in Rayong, the industrial estate serves as an automotive cluster offering location and logistic advantages to several auto manufacturers and integrated suppliers.
As an extension to ESIE, the company has launched Hemaraj Eastern Seaboard Industrial Estate (Hemaraj ESIE) to promote the automotive and export clustering concept. With a 8,000 rai area, Hemaraj ESIE doubles Hemaraj’s land bank on the Eastern Seaboard. Some 2,000 rai of Hemaraj ESIE is now available for sale. Of that, 765 rai of land has been designated as a Customs Free Zone. In April, the two estates will be connected by a new traffic corridor. For ESIE customers, this will offer a shorter and second highway access to Laem Chabang Deep Seaport. As for new customers at Hemaraj ESIE, this will provide them an opportunity to connect with the existing large automotive supply chain in ESIE.
So far, Hemaraj has built more than 88 SME factories with a combined size of over 180,000 sqm. “With the predicted fast growing demand in ready-built factory leasing, Hemaraj sees promising potential in this segment which will continue to steadily contribute to the company’s operations,” said Mr. Nardone.
The company is developing S I L Industrial Land (Saraburi) as an electronics and logistics cluster in line with its location advantages. S I L, is strategically located in central Thailand with well-connected highways and rail networks.
Located on 3,655 rai, S I L Industrial Land (Saraburi) offers BOI Zone II incentives. Currently it is home to 46 companies representing 10 countries. The potential of S I L as electronics cluster is also unbeatable as the area surrounding S I L enjoys well-established human resources and is in proximity to several R&D centers. There is an abundant water supply from Pasak Cholasith Dam. A Free Zone of 428 rai is currently available and SME factories for Rent and Sale are coming up in Q2 2007
“Even though there has been a slowdown in the Thai economy, we are extremely pleased with the results we have seen for 2006,” concluded Mr. Nardone. “Our revenue is broader and more predictable from land sales, service income from industrial estate development with solid financial strength to allow us to weather downturns in the property development market. Recently, TRIS maintained Hemaraj’s Company Rating at BBB+, the same as last year.”