Siam Asset Company Limited, or SA, reported second-quarter net profit for 2026 of 25.17 million baht, up 73.63% from the same period last year, with total revenue of 677.62 million baht, an increase of 20.48%. The main growth came from starting to recognise revenue from the Landmark At Grand Station project and gradually recognising revenue from the Landmark At MRTA Station project, as well as low-rise projects that continued to transfer ownership, pushing revenue from property sales and goods up 24.67%. Hotel business revenue rose 29.16% thanks to the recovery and expansion of the customer base at six hotels in the group, such as Wyndham Bangkok Queen Convention Center and Ramada Plaza Sukhumvit 48. Chief Operating Officer Montien Yingdamnun said the company will press ahead with its pricing strategy, expand its international customer base, especially Chinese, Middle Eastern and Indian customers, while retaining existing customers to build stable long-term growth.
Siamese Asset Public Company LimitedQ2 net profit up 73.63% on revenue recognition from new projects and hotel recovery.
