最新ニュース
HEMARAJ - FIRST HALF 2013 REVENUE OF BAHT 4,365.6 MILLION UP 37%
13/08/2013
- FIRST HALF 2013 NET INCOME OF BAHT 1,460.9 MILLION UP 48% (NORMALIZED NET INCOME (NNI) OF BAHT 1,509.1 MILLION UP 52%) - INCREASED INDUSTRIAL LAND TARGET TO 2,100 RAI
Hemaraj Land And Development Public Company Limited announced its operating and financial results for the first half of 2013 as summarized below.
Net Income
For Quarter 2’2013, Hemaraj reported Total Net Income of Baht 559.3 million, or an increase of 374% compared with the same period of the previous year. Earnings per-share was 0.058 Baht per share, representing an increase of 376% from the same period of 2012. Normalized Net Income (NNI) for Quarter 2’ 2013 was Baht 817 million (excluding unrealized foreign exchange loss of Baht 257.6 million).
For the first 6 months of 2013, Hemaraj reported Total Net Income of Baht 1,460.9 million, and earnings per-share of 0.151 Baht per share, or an increase of 48% compared with the same period of 2012.
The Increase of Net Income for the first 6 months of 2013 was due to growth in business including industrial estates, utilities, and rental properties. Higher industrial estate land transfers resulted in higher revenue recognition. There was also stronger growth in Industrial Utilities and Rental Properties. In first half of 2013, there was an unrealized foreign exchange translation loss for Gheco-One of Baht -48.1 million compared to an unrealized foreign exchange translation loss of Baht -8.6 million in the same period of 2012. Normalized Net Income (NNI) for the first 6 months of 2013 was Baht 1,509.1 million.
David Nardone, President and CEO of Hemaraj Land And Development Public Company Limited had the following comments on the company’s performance. “Hemaraj Land And Development Public Company Limited finished the first 6 months of 2013 with record results. Operating Revenue of Baht 4,379.6 million increased 37%. EBITDA of Baht 1,690.7 million with a 39% margin was up 48%. Normalized Net Income of Baht 1,509.1 million reflected solid financial results. Our broadened revenue reflected the Industrial Estate Land sales revenue being up 39%, Industrial Estate Utilities half year revenue increase of 17%, as well as Ready Built Factory rental revenue increase of 55%, all being in comparison with the prior year.
For the first 6 months of 2013, operating results were Industrial Estate Sales of 1,190 rai (476 acres or 190 hectares),with 54 contracts, 32 new customers and 22 project expansions from existing customers. Foreign Direct Investment in Thailand continues to be strong as reflected in Baht 455.4 billion approved projects for the first 6 months of 2013 by the Board of Investment, a 35% increase from the same period of 2012. With these operating results reflected, we again increase our 2013 industrial estate sales forecast to 2,100 rai from our original 2013 budget of 1,600 rai.
Gheco-One, a 660 MW IPP power project with Hemaraj 35% shareholding completed its seven weeks of warranty maintenance on 7 July 2013 and has resumed its commercial operation. In addition, our first 126 MW SPP power project with Gulf JP has commenced commercial operation since May 2013. Hemaraj investment continues in our core business areas - industrial estates, utilities, power, ready-built factories, logistics parks, and properties. With uncertain global economic conditions, we are cognizant of impacts to our business. The business profile of the company while balancing investment and financing opportunities, are improving the predictability of the revenue and earnings. Our strategy remains to provide superior long term returns to shareholders.”
Revenue and Results of Operations for 6 months of 2013
For the first half of 2013, Hemaraj’s Total Revenue was Baht 4,365.6 million compared with Baht 3,189.2 million for the same period of 2012, representing a 37% increase. Total Operating Revenue from core businesses was Baht 4,379.6 million, a 37% increase from the same period of 2012. Industrial Estate Land Sales for first 6 months of 2013 were Baht 2,928.5 million or a 39% increase with a gross margin of 49%. There is an additional Baht 3,124 million in deferred revenue, with recognition based on the transfer date, from Industrial Estate land sales not recognized to date representing sales that will be recognized primarily over the next 3 to 24 months.
Industrial estate utilities increased to Baht 778.1 million, or an increase of 17% reflecting the higher utility volume and rates. Total Utilities which includes industrial estate utilities, dividend from power utilities associates, and other utilities and services fees increased to Baht 806.7 million, an increase of 20%. Total Rental Property and Services Revenue including ready built factory rental, logistic park rental, pipe-rack rental, and commercial office rental increased to Baht 463.9 million, an increase of 36%. Sale of Property including ready built factory sales, residential sales and other land/property sales increased to Baht 180.5 million, an increase of 269%.
The Gross Profit was Baht 2,066.2 million, a 41% increase from the same period of last year. Earnings Before Interest Tax Depreciation and Amortization (EBITDA) were Baht 1,690.7 million, a 48% increase from the same period of last year. The Gross Profit Margin and EBITDA Margin remained strong at 47% and 39%, respectively.
Significant Activities for 6 months of 2013
• Industrial Estate Land Sales were 1,190 rai with 54 contracts, 32 new customers and 22 project expansions from existing customers. Hemaraj now has 587 distinct new customers with 886 contracts including 200 automotive customers with 309 automotive contracts.
• Ready Built Factories for Rent increased 10% or 24,547 square meters from 2012 year-end cumulative balance, totaling 260,356 square meters under rent with an additional 28,284 square meters pre-leased.
• Hemaraj Logistics Parks for Rent increased 43,764 square meters from 2012 year-end cumulative balance, totaling 60,584 square meters under rent with an additional 8,191 square meters pre-leased.
• New Bond in Q1’2013 Baht 2.5 Billion, 10 years with an interest rate of 5.5% fixed.
Balance Sheet Highlights for the 6-month period ended 30th June 2013
At 30th June 2013, Hemaraj reported Total Assets of Baht 27,719 million, Total Liabilities of Baht 15,747 million and Total Shareholders’ Equity of Baht 11,972 million. The Net Debt to Equity ratio was 1.18 to 1 with Cash and Deposits on Hand of Baht 1,615 million.
For further information concerning Hemaraj Land And Development Public Company Limited (SET symbol Hemraj), please visit our website at www.hemaraj.com or www.theparkresidence.co.th or contact us by email at invest@hemaraj.com Mr. Paopitaya Smutrakalin, Director – Investor Relations Hemaraj Land And Development Public Company Limited 18/F UM Tower, 9 Ramkhamhaeng, Suanluang, Bangkok 10250, Thailand Tel: 662-719-9555 to 9 Fax: 662-719-9546 to 7
Hemaraj Land And Development Public Company Limited announced its operating and financial results for the first half of 2013 as summarized below.
Net Income
For Quarter 2’2013, Hemaraj reported Total Net Income of Baht 559.3 million, or an increase of 374% compared with the same period of the previous year. Earnings per-share was 0.058 Baht per share, representing an increase of 376% from the same period of 2012. Normalized Net Income (NNI) for Quarter 2’ 2013 was Baht 817 million (excluding unrealized foreign exchange loss of Baht 257.6 million).
For the first 6 months of 2013, Hemaraj reported Total Net Income of Baht 1,460.9 million, and earnings per-share of 0.151 Baht per share, or an increase of 48% compared with the same period of 2012.
The Increase of Net Income for the first 6 months of 2013 was due to growth in business including industrial estates, utilities, and rental properties. Higher industrial estate land transfers resulted in higher revenue recognition. There was also stronger growth in Industrial Utilities and Rental Properties. In first half of 2013, there was an unrealized foreign exchange translation loss for Gheco-One of Baht -48.1 million compared to an unrealized foreign exchange translation loss of Baht -8.6 million in the same period of 2012. Normalized Net Income (NNI) for the first 6 months of 2013 was Baht 1,509.1 million.
David Nardone, President and CEO of Hemaraj Land And Development Public Company Limited had the following comments on the company’s performance. “Hemaraj Land And Development Public Company Limited finished the first 6 months of 2013 with record results. Operating Revenue of Baht 4,379.6 million increased 37%. EBITDA of Baht 1,690.7 million with a 39% margin was up 48%. Normalized Net Income of Baht 1,509.1 million reflected solid financial results. Our broadened revenue reflected the Industrial Estate Land sales revenue being up 39%, Industrial Estate Utilities half year revenue increase of 17%, as well as Ready Built Factory rental revenue increase of 55%, all being in comparison with the prior year.
For the first 6 months of 2013, operating results were Industrial Estate Sales of 1,190 rai (476 acres or 190 hectares),with 54 contracts, 32 new customers and 22 project expansions from existing customers. Foreign Direct Investment in Thailand continues to be strong as reflected in Baht 455.4 billion approved projects for the first 6 months of 2013 by the Board of Investment, a 35% increase from the same period of 2012. With these operating results reflected, we again increase our 2013 industrial estate sales forecast to 2,100 rai from our original 2013 budget of 1,600 rai.
Gheco-One, a 660 MW IPP power project with Hemaraj 35% shareholding completed its seven weeks of warranty maintenance on 7 July 2013 and has resumed its commercial operation. In addition, our first 126 MW SPP power project with Gulf JP has commenced commercial operation since May 2013. Hemaraj investment continues in our core business areas - industrial estates, utilities, power, ready-built factories, logistics parks, and properties. With uncertain global economic conditions, we are cognizant of impacts to our business. The business profile of the company while balancing investment and financing opportunities, are improving the predictability of the revenue and earnings. Our strategy remains to provide superior long term returns to shareholders.”
Revenue and Results of Operations for 6 months of 2013
For the first half of 2013, Hemaraj’s Total Revenue was Baht 4,365.6 million compared with Baht 3,189.2 million for the same period of 2012, representing a 37% increase. Total Operating Revenue from core businesses was Baht 4,379.6 million, a 37% increase from the same period of 2012. Industrial Estate Land Sales for first 6 months of 2013 were Baht 2,928.5 million or a 39% increase with a gross margin of 49%. There is an additional Baht 3,124 million in deferred revenue, with recognition based on the transfer date, from Industrial Estate land sales not recognized to date representing sales that will be recognized primarily over the next 3 to 24 months.
Industrial estate utilities increased to Baht 778.1 million, or an increase of 17% reflecting the higher utility volume and rates. Total Utilities which includes industrial estate utilities, dividend from power utilities associates, and other utilities and services fees increased to Baht 806.7 million, an increase of 20%. Total Rental Property and Services Revenue including ready built factory rental, logistic park rental, pipe-rack rental, and commercial office rental increased to Baht 463.9 million, an increase of 36%. Sale of Property including ready built factory sales, residential sales and other land/property sales increased to Baht 180.5 million, an increase of 269%.
The Gross Profit was Baht 2,066.2 million, a 41% increase from the same period of last year. Earnings Before Interest Tax Depreciation and Amortization (EBITDA) were Baht 1,690.7 million, a 48% increase from the same period of last year. The Gross Profit Margin and EBITDA Margin remained strong at 47% and 39%, respectively.
Significant Activities for 6 months of 2013
• Industrial Estate Land Sales were 1,190 rai with 54 contracts, 32 new customers and 22 project expansions from existing customers. Hemaraj now has 587 distinct new customers with 886 contracts including 200 automotive customers with 309 automotive contracts.
• Ready Built Factories for Rent increased 10% or 24,547 square meters from 2012 year-end cumulative balance, totaling 260,356 square meters under rent with an additional 28,284 square meters pre-leased.
• Hemaraj Logistics Parks for Rent increased 43,764 square meters from 2012 year-end cumulative balance, totaling 60,584 square meters under rent with an additional 8,191 square meters pre-leased.
• New Bond in Q1’2013 Baht 2.5 Billion, 10 years with an interest rate of 5.5% fixed.
Balance Sheet Highlights for the 6-month period ended 30th June 2013
At 30th June 2013, Hemaraj reported Total Assets of Baht 27,719 million, Total Liabilities of Baht 15,747 million and Total Shareholders’ Equity of Baht 11,972 million. The Net Debt to Equity ratio was 1.18 to 1 with Cash and Deposits on Hand of Baht 1,615 million.
For further information concerning Hemaraj Land And Development Public Company Limited (SET symbol Hemraj), please visit our website at www.hemaraj.com or www.theparkresidence.co.th or contact us by email at invest@hemaraj.com Mr. Paopitaya Smutrakalin, Director – Investor Relations Hemaraj Land And Development Public Company Limited 18/F UM Tower, 9 Ramkhamhaeng, Suanluang, Bangkok 10250, Thailand Tel: 662-719-9555 to 9 Fax: 662-719-9546 to 7