The luxury condominium developer Major Development Plc (MJD) reported 37.3% growth in revenue to 2.198 billion baht last year, with net profit rising 7.4% to 279.72 million baht.
CEO Suriyon Poolvoralaks said the performance was satisfactory despite the sluggish property market, rising construction costs and political uncertainty last year. Net profit per share was 0.54 baht and the company will pay a dividend at 0.25 baht per share on April 29.
This year it plans three new projects worth almost 10 billion baht. The first is a super-luxury condominium worth more than three billion baht in Sukhumvit 31, in a joint development with AIG Global Real Estate Investment.
The second is a 3.3-billion-baht highrise on Jomtien beach of Pattaya and the third is a low-rise project worth three billion baht in Hua Hin.
MJD shares closed yesterday on the SET at 3.88 baht, up 12 satang, in trade worth 53 million baht.
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