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.
Bangkok Land Public Company LimitedFirst-quarter net profit doubled to 193.11 million baht, driven by higher property sales and rental income.
