RML Reports 2024 Performance and Unveils Plans for 2025 Launching 3 New Projects Worth THB 19 Billion

Mr. Sorrapong Mamuang, Chief Financial Officer of RML or Raimon Land Public Company Limited, said "Despite economic headwinds and evolving market conditions in 2024, RML's luxury projects continue to receive strong market demand. This has been a key driver in supporting our turnaround strategy, positioning 2025 as a pivotal year for sustained profitability. 'OCC', in particular, will play a significant role in this trajectory."

Over the past 4 years, RML has made strategic investments in 'The Estelle Phrom Phong', 'Tait Sathorn 12', and 'OCC', all of which have demonstrated strong long-term returns. In 2024, the company remained committed to its Transformation Strategy, which includes:

• A capital increase of THB 681 million from major shareholders
• Effective cash flow management
• Timely repayment of principal and interest obligations
• Accelerated inventory clearance to enhance liquidity
• Asset optimization to maximize value

Additionally, RML has undertaken organizational restructuring to reduce fixed costs and implemented an Asset-Light Strategy, forming partnerships with landowners to lower land acquisition expenses.

Mr. Sorrapong concluded, "2024 marks a crucial year for RML, as our successful execution of the Transformation Strategy has laid a solid foundation for our turnaround in 2025. We are confident in our ability to return to profitability, with 'OCC' playing a central role in driving future performance. Additionally, we are excited to expand our project portfolio with 3 new developments totaling THB 19 billion this year."

• ข่าวthe project
• ข่าวo:member
• ข่าวo:prop
• ข่าวo:real
• ข่าวo:loc