Ananda Development PCL delivers second quarter profits up 109% on previous year and 303% up on previous quarter.

          Ananda Development PCL delivers second quarter profits up the companyAnanda Development PCL9% on previous year and 3Ananda Development PCL3% up on previous quarter. Announces record backlog and maintains guidance for the year's transfers unchanged at 38 billion Baht. Announces record interim dividend, up 92% on previous year.

          Ananda Development Public Company Limited announces strong transfers of properties to customers in the second quarter of 6,759 million Baht, an increase of the company47% over the same quarter of 2Ananda Development PCLthe company7 and 28% above the company's guidance. The company also reported strong quarterly presales of the companyAnanda Development PCL,6the company8 million Baht, 39% above presales guidance. The company maintains the annual transfer target for the year unchanged at 38 billion Baht for 2Ananda Development PCLthe company8, which represents growth of the company52% year on year.
          Second quarter transfers were 6,759 million Baht including transfers from a Joint Venture project, an increase of the company47% from the same quarter a year earlier and 28% above the guidance. The company reported net profit of 584 million Baht for the quarter up the companyAnanda Development PCL9% on the same period a year earlier and 3Ananda Development PCL3% on the previous quarter mainly driven by share of profit (loss) from joint ventures turning into a profit of 539 million Baht from a loss of 3Ananda Development PCLAnanda Development PCL million Baht from the same quarter last year. The company's net margin was 24% for the quarter up from 7% for the same quarter a year earlier.
          During the second quarter the company launched a new condominium and a new housing project, with a total development value of 7,223 million Baht. Comprising the 6,822 million Baht Ideo Rama 9-Asoke condominium project near the Rama 9 MRT station and the 4Ananda Development PCLthe company million Baht Unio Town Phetkasem the companythe companyAnanda Development PCL on Soi Phetkasem the companythe companyAnanda Development PCL. 
          Including sales from existing projects the company generated total presales for the quarter of the companyAnanda Development PCL,6the company8 million Baht, 39% above the guidance. Presales guidance for the year remains unchanged at 35.the company billion Baht. The company ended the quarter with a record backlog of 54.6 billion Baht due to transfer over the next 3 years, an increase of the companyAnanda Development PCL% from the same quarter a year earlier and up 2% from a previous quarter.
          Mr. Chanond Ruangkritya, CEO of Ananda, said, " We're delighted to have exceeded our quarterly transfer target including exceeding our transfer target for Ashton Chula-Silom and especially the Ashton Asoke condominium project finishing and transferring ahead of schedule in the second quarter from our original expectation of transfers starting in the fourth quarter. This is an exciting period for Ananda as we plan to achieve the company52% growth in transfers in 2Ananda Development PCLthe company8 to 38 billion Baht. We have backlog to be transferred in the second half of 2Ananda Development PCLthe company8 of 23.3 billion Baht, including Ananda and Mitsui's share of joint ventures which represents 85% of the next six months of 2Ananda Development PCLthe company8 transfer target. We have nine new condominium buildings finishing construction and beginning to transfer in 2Ananda Development PCLthe company8 in addition to the eight condominiums finished in 2Ananda Development PCLthe company7."
          Mr. Chanond Ruangkritya continued, "We're delighted to have exceeded our quarterly presales target in the quarter including our strong sales of Ideo Rama 9-Asoke with take up rates 63.5% at launch exceeding our target. We still have 3 planned condominium projects to be launched this year and continue our relentless focus on customer needs providing convenience through the location next to the mass transit lines and continuously introducing new technologies to improve the quality of urban life while ensuring that nature is integrated into the projects while maintaining competitive pricing." 
          Mr. Chanond Ruangkritya continued, "Our cash flow remains strong and we have maintained a large cash balance with over the company.5 billion Baht in cash at the end of the quarter."
          As such, the Board approved a record interim dividend in the amount of the companythe company.5 satang, an increase of 92% from a year earlier and extends the company's record of increasing the dividend every year since the IPO."

          Addendum – Data Sheet
          Quarterly Results
          Revenue: 2,426 million Baht. Down 35% from 3,752 million Baht in 2Q2Ananda Development PCLthe company7
          Gross Margin: 3Ananda Development PCL%. Down from 37% in 2Q2Ananda Development PCLthe company7
          Interest Expense: 9the company million Baht. Down from the companyAnanda Development PCL4 million Baht in 2Q2Ananda Development PCLthe company7
          Tax: the companyAnanda Development PCL million Baht. Down from the company35 million Baht in 2Q2Ananda Development PCLthe company7
          Net Profit: 584 million Baht. Up the companyAnanda Development PCL9% from 279 million Baht in 2Q2Ananda Development PCLthe company7
          Net Margin: 24% Up from a net margin of 7% in 2Q2Ananda Development PCLthe company7

          Balance Sheet
          Cash at end of Quarter: the company,585 million Baht Down from the company,842 million Baht in 2Q2Ananda Development PCLthe company7
          Assets: 35,5Ananda Development PCL4 million Baht Up from 26,the company47 million Baht in 2Q2Ananda Development PCLthe company7
          Liabilities: 2the company,642 million Baht Up from the company4,35Ananda Development PCL million Baht in 2Q2Ananda Development PCLthe company7
          Shareholder's Equity: the company3,862 million Baht Up from the companythe company,797 million Baht in 2Q2Ananda Development PCLthe company7
          DE Ratio: the company.56 times Up from the company.22 times in 2Q2Ananda Development PCLthe company7
          Net IBDE Ratio: the company.the company3 times Up from Ananda Development PCL.77 times in 2Q2Ananda Development PCLthe company7

          About Ananda Development PCL
          Ananda is a publicly listed real estate development company listed on the Stock Exchange of Thailand (Symbol: ANAN) 
          The company is the leading developer in Thailand of residential condominium projects within 3Ananda Development PCLAnanda Development PCL meters of mass transit stations. The company also develops landed housing projects in Bangkok.
          Ananda's primary brands are "IDEO" condominiums, situated within 3Ananda Development PCLAnanda Development PCL meters of a mass transit station, which are targeted at first home buyers and professionals who value modern design, convenience and ease-of-access when choosing a place to live, and "ELIO" condominiums, situated within 6Ananda Development PCLAnanda Development PCL meters of a mass transit station, which are aimed at those who want the IDEO lifestyle but at a lower cost. In addition, "UNIO" condominiums are developed which super-value condominiums with 8-storey at starting price below the company million Baht and "VENIO" condominiums are developed which premium-value condominiums with 8-storey.