公司新闻
Hemaraj Reports Strong Position at AGM With Q1 Land Sale at 565 Rai
30/04/2010
Hemaraj Land And Development Public Company Limited reported a strong industrial land sale of 565 rai at its Annual General Meeting of Shareholders. To reflect the increasing number of prospects, the company has also adjusted its 2010 target to 1,000 rai, whereby a significant part expected from automotive industry. In addition to land sale, utility, rental property and release of final units of The Park Chidlom will also account for considerable increase in this year’s top line revenue.
Mr. David Nardone, President & CEO of Hemaraj Land And Development PLC said, “Our business last year has been constantly affected by negative factors. However, now the global economy is heading back to normal and employments are also rebounding especially in automotive industry at which reinvestments and expansion projects are being accelerated as response to the Eastern Seaboard’s Detroit of the East initiative.”
Concerning the business direction for 2010, Mr. Nardone said, “Hemaraj projects to grow top line revenue significantly from increase of industrial land sales, utility, rental property and release of final units of the Park Chidlom. With strong Q1’10 industrial land sales of 565 rai, confidence in resuming economy and auto market both local consumption and production volumes growing, we have revised our industrial land sales target to 1,000 rai this year, from the earlier set target of 800 rai. We expect a significant increase for new contracts and continue to focus on investments and utility services. Key 2010 projects include the ongoing “Gheco - One” independent power producer, a joint development with Glow Energy (GDF Suez), an expansion of Hemaraj Clean Water, and offering debentures worth Bt 2.5-3 billion that will be used to fund the company’s long-term investment plan.”
As of 31st December 2009, Hemaraj reported total assets of Bt 13,680 million, total liabilities of Bt 5,222 million and total shareholders’ equity of Bt 8,458 million. The net debt to equity ratio remained low at 0.51 to 1. Cash on Hand was Bt 910 million and Cash Deposit for power project was Bt 2,060 million.
About Hemaraj
Hemaraj Land And Development Public Company Limited is Thailand’s leading developer of Industrial Estates, Utilities, and Property Customer Solutions. The company develops and manages six industrial estates covering a total area of 31,300 rai or 13,000 acres with automotive, petrochemical and other clusters comprising 411 distinct customers, 140 automotive customers, 611 factory contracts, and customer investment estimate of USD 18 billion generating more than 53,000 jobs
Mr. David Nardone, President & CEO of Hemaraj Land And Development PLC said, “Our business last year has been constantly affected by negative factors. However, now the global economy is heading back to normal and employments are also rebounding especially in automotive industry at which reinvestments and expansion projects are being accelerated as response to the Eastern Seaboard’s Detroit of the East initiative.”
Concerning the business direction for 2010, Mr. Nardone said, “Hemaraj projects to grow top line revenue significantly from increase of industrial land sales, utility, rental property and release of final units of the Park Chidlom. With strong Q1’10 industrial land sales of 565 rai, confidence in resuming economy and auto market both local consumption and production volumes growing, we have revised our industrial land sales target to 1,000 rai this year, from the earlier set target of 800 rai. We expect a significant increase for new contracts and continue to focus on investments and utility services. Key 2010 projects include the ongoing “Gheco - One” independent power producer, a joint development with Glow Energy (GDF Suez), an expansion of Hemaraj Clean Water, and offering debentures worth Bt 2.5-3 billion that will be used to fund the company’s long-term investment plan.”
As of 31st December 2009, Hemaraj reported total assets of Bt 13,680 million, total liabilities of Bt 5,222 million and total shareholders’ equity of Bt 8,458 million. The net debt to equity ratio remained low at 0.51 to 1. Cash on Hand was Bt 910 million and Cash Deposit for power project was Bt 2,060 million.
About Hemaraj
Hemaraj Land And Development Public Company Limited is Thailand’s leading developer of Industrial Estates, Utilities, and Property Customer Solutions. The company develops and manages six industrial estates covering a total area of 31,300 rai or 13,000 acres with automotive, petrochemical and other clusters comprising 411 distinct customers, 140 automotive customers, 611 factory contracts, and customer investment estimate of USD 18 billion generating more than 53,000 jobs