Regarding the operating results of Univentures
Public Company Limited and its subsidiaries (the
“Company”) during the accounting period starting
1 January 2017 and ending 30 September 2017
(The Company has adjusted its accounting cycle
in 2017), the total revenue of the Company stood
at 13,741.3 million baht. This marks an increase of
1,122.0 million baht or an increase of nine percent
from the same period a year earlier. The revenue
came mainly from real-estate-for-sale business
group, which generated 11,026.8 million baht. The
amount accounted for 80 percent of the Company’s
total revenue. About eight percent others or 1,161.3
million baht came from zinc oxide business group.
The remaining 12 percent was generated by realestate-
for-rent business, hotel business, and other
businesses. In all, the Company’s profits totalled
1,472 million baht in the accounting period starting
1 January 2017 and ending 30 September 2017,
up by 162.3 million baht or 12 percent from a year
earlier. Of 11,026.8 million baht in revenue from
the real-estate-for-sale business group, 8,069.8
million baht were from Golden Land Property
Development Company Limited’s horizontal-housing
projects and 2,957.0 million baht were from Grand
Unity Development Company Limited’s (GRAND
UNITY) condominium projects. The value of backlog
was approximately 4,651.1 million baht. Of the
amount, 4,054.3 million baht was from horizontal
housing projects while 596.8 million baht came
from condominium projects. Revenue recognition
from this backlog will start the following year. To
date, the Company has already prepared plots of
land for new condominium projects too. Under the
2,700-million-baht plan, these plots sit within 300
meters from MRT/BTS stations.
In early 2018, the Company will launch four to five
GRAND UNITY projects with the combined value of
over 11,000 million baht. At present, the Company has
already acquired four land plots for high-rise
condominium projects (buildings of more than eight
floors) namely the Charan 81 Project, the Sripathum
Project, the Chatuchak 2 Project and the Ratchayothin
Project. In addition, the Company is in the process of
buying a plot of land for its new low-rise condominium
project (building of no more than eight floors). In 2018,
the Company will also prepare at least 3,000 million
baht for the procurement of land plots along MRT/BTS
routes in preparations for projects that it will unveil in
2019. As the development of new MRT/BTS routes get
clearer directions, exists demand for condominiums.
In 2018, the Company will conduct branding activities
for GRAND UNITY to highlight its strengths namely great
location, outstanding design, and innovations for every
detail of life.
The Company has to date accorded significant
importance to good corporate governance out of a
firm belief that it benefits business operations, adds
value, increases returns on investments for shareholders
in the long run, and also boost the confidence of
shareholders, investors and all stakeholders. Because
of the firm commitment to good corporate governance,
the Company has received an “excellent” rank or
a “five-star honor” in regards to good corporate
governance from the Thai Institute of Directors (IOD)
for the second year in a row in 2017. On top of this,
the Thai Investors Association has given the Company
100 out of the possible 100 points for its “outstanding”
quality of general meetings in 2017. The full marks have
been granted to the Company every year since 2011
or for seven consecutive years now.
Regarding social responsibility, the Company has paid
due attention to every process and as-process that can
affect the society, communities or the environment.
Grand Unity Development Company Limited has
thus prepared ready-made bathrooms at its projects
for the goals of reducing the level of noise and dust
in neighboring communities, lowering work time, and
decreasing the use of supplies. In addition, Thai-Lysaght
Company Limited has implemented the CONTINUOUS
FURNACE (AUTO PUSHER) project so as to put excess
heat from production process to good use. This project
has practically lowered the use of natural gas as well as
the spread of dust. The Company, moreover, has striven
to inculcate social and environmental responsibility
among all groups of stakeholders via many activities.
For example, the Company has conducted reforestation
to make not just staff but also outsiders recognize
the importance of the environment and nudge them
to join environmental protection. On top of this, the
Company has financially supported and dispatched
its staff to join various activities of the Foundation for
Environmental Education for Sustainable Development
Thailand (FEED THAILAND). This foundation has
pursued the goal of achieving the balanced co-existence
of humans and the nature via holistic environmental
education to youth.
The success of the Company during the past year is
a result of the perseverance and solid support from
its executives, staff, and all groups of stakeholders.
I therefore would like to thank you all for the trust
and support given. I also hope that the Company will
continue to receive such great support in the future so
that the Company can move forward to become the
leading property investment company that generates
reasonable returns and builds sustainable growth for
all shareholders and stakeholders
(Mr. Worawat Srisa-an)
President
