Rhom Bho Property Public Company LimitedTITLE
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Second quarter net profit surged 3,257% to 250.74 million baht on higher property sales revenue.
Impact on stocks 1
Real Estate
Rhom Bho Property Public Company LimitedRompho Property Public Company Limited, or TITLE, reported second quarter net profit for 2569 of 250.74 million baht, up 3,257% from 7.47 million baht in the same period last year, driven mainly by growth in property sales revenue. In the second quarter of 2569, the group posted property sales revenue of 1.42488 billion baht, up from the same period last year, as it gradually recognised revenue from ownership transfers at The Title Legendary Bang-Tao and The Title Serenity Naiyang, which began recognising revenue in the first quarter of 2569, as well as The Title Heritage Bang-Tao, which began recognising revenue in the second quarter of 2569. In addition, the group recorded other income of 26.18 million baht, comprising revenue from condominium juristic person management, revenue from contract modifications, and revenue from forfeited booking fees and down payments from customers who breached contract terms.
Rhom Bho Property Public Company LimitedSecond quarter net profit surged 3,257% to 250.74 million baht on higher property sales revenue.