Bangkok Land Public Company Limited

Several mid- and small-cap stocks reported standout second-quarter profit growth. UNIX posted net profit of 117 million baht, up 244%, driven by sales of flexible film packaging and heavy-duty packaging. BLAND reported net profit of 193.11 million baht, up more than 100%, from property transfers and rental service income. NEO earned 209 million baht, up 161%, on market share gains in consumer products. NCAP posted a record profit of 196 million baht, up 34%, from expanding motorcycle hire-purchase lending. TKC earned 88 million baht, up more than threefold, from its AI cloud data center and cyber security business, with a backlog of 3.40 billion baht. TKN posted profit of 118 million baht, up 37%, and announced an interim dividend of 0.14 baht per share.

Bangkok Land Public Company Limited, or BLAND, reported first-quarter net profit for fiscal year 2569/70 of 193.11 million baht, up 103.07 percent from 95.10 million baht in the same period last year, driven by higher revenue from property sales and rental and service income. Revenue from property sales before intercompany eliminations was 264 million baht, up 71 million baht, or 36.8 percent, from 193 million baht a year earlier. The Impact business posted rental and service revenue before intercompany eliminations of 1.313 billion baht, up 176 million baht, or 15.5 percent, from 1.137 billion baht a year earlier. Gross margin from sales was 56.1 percent, up from 54.9 percent in the same period last year, while Impact's gross margin from rental and service revenue before intercompany eliminations was 44.9 percent, up from 40.7 percent a year earlier.