Mitihoon – August 15, 2024 – “Pruksa Holding” reveals the operating results for the first half of the year 2024, showing total revenue reaching 9,864 million Baht. The healthcare business has seen continuous growth, with a revenue increase of 19%. The company is moving forward with its investment plans, constructing and preparing to open six new medical facilities. Additionally, Pruksa is diversifying its business by launching “Wizlah TH,” an e-marketplace that offers comprehensive interior decoration solutions. This platform revolutionizes home design and decoration with smart furniture, AI, AR and 3D technology making home styling as simple as a touch of a button, thereby enhancing the “Live well, Stay well” lifestyle in a holistic manner.
Mr. Uten Lohachitpitaks, Group CEO of Pruksa Holding Plc, announced the company’s H1 2024 financial performance, highlighting a revenue of 9,864 million baht with a solid gross profit margin of 33% and a strong financial position, supported by a low net gearing ratio of 0.39 times.
In the real estate segment, the company achieved 8,310 million Baht in transfer revenue and 7,478 million Baht in sales during the first half of the year. Sales of single-detached houses reached 2,696 million Baht, marking a 9% growth compared to the same period last year. Pruksa launched six new projects valued at 7,509 million Baht in the first half and plans to launch 23 projects worth 19,600 million Baht in the second half, including key highlights like “The Palm Thawi Wattana,” a luxury single-detached housing project spanning 120 square wah, connecting Borommaratchachonnani and Pinklao roads, and “The Palm Residences Pattanakarn,” a project certified as a Trees-Certified Home, reducing electricity consumption by more than 50%. This project emphasizes comprehensive health care for residents, with all projects designed to suit people of all ages, incorporating innovative living solutions while also being environmentally conscious. The company has a sales backlog worth approximately 4,900 million Baht (65% expected to be transferred this year) and total inventory worth 62,577 million Baht, supporting business growth for up to 2.5 years.
Earlier in August, Pruksa streamlined its organization by appointing senior executives to enhance its construction and precast businesses, increasing flexibility for each unit to independently manage and plan their operations. Under the brand “Inno Home Construction,” it is currently the largest low-rise housing construction company in Thailand, offering one-stop construction services for landowners. The company has a revenue backlog of approximately 2,800 million Baht. Meanwhile, “Inno Precast” operates the largest green precast factory in Thailand and is expanding its production capacity to support condominium construction. It is the first and only precast factory in Thailand certified with the Carbon Footprint Reduction (CFR) label, with a current revenue backlog of approximately 4,300 million Baht.
Moreover, Pruksa aims to expand its real estate business comprehensively by launching “Wizlah TH,” an all-inclusive e-marketplace for interior decoration. This venture is a joint effort with “Sunray Group,” Singapore’s largest integrated design, construction, and interior decoration company. The Wizlah Super App, branded as “Wizlah TH,” will act as a platform connecting architects and customers, becoming part of the home decoration ecosystem. The app utilizes AI, AR, and 3D technology to simulate interior design and place furniture in a realistic 3D format, allowing customers to visualize their spaces clearly before purchasing, thus addressing customer concerns about not being able to see and touch the products. Additionally, in the built-in and fit-in furniture services, Pruksa uses factory-standard technology for quick on-site installation. Customers can customize sizes and order products that fit perfectly in their spaces, with the assurance of 100% completion as architects oversee the project from start to finish.
“Wizlah TH, the Wizlah Super App, will be a one-stop platform for home design inspiration and services. It will feature the largest collection of work from Thailand’s top architects, designers, and landscape architects. Customers can explore home decoration information, ideas, and inspiration, and shop for smart furniture and home decor products, transforming home design into an easy task at their fingertips. Furthermore, we are extending this new comprehensive platform to Pruksa home buyers as well,” added Mr. Uten.
In the healthcare business, growth continues in all dimensions, with H1 2024 revenue reaching 1,013 million Baht, a 19% increase compared to H1 2023.In June, ViMUT witnessed the highest revenue, driven by increased demand for both inpatient and outpatient services, particularly in complex medical treatments and surgeries. ViMUT is raising its standards to match medical schools’ level and expanding its market reach to neighboring countries, the Middle East, China, and Australia. Over the past year, ViMUT has formed a joint venture with “Namwiwat” to establish ‘SERVISO Healthcare Solutions,’ to provide sterilization services for medical equipment, medical waste treatment, and biomedical engineering services. Additionally, ViMUT is expanding its customer base to large organizations by launching the ViMUT-Naluri program, focusing on preventing non-communicable diseases (NCDs) and offering services to large corporate clients in Thailand, with the potential to expand to ViMUT Hospital for additional health check-ups and medical treatments. ViMUT has also established Thailand’s first gut microbiome research laboratory in collaboration with AMILI, Southeast Asia’s leading precision gut microbiome biotechnology company.
Pruksa is proceeding with a total investment of over 1,500 million Baht to open a specialized hospital in Thonglor, two elderly care hospitals in Watcharaphol and Bearing areas, and three more elderly and patient care centers in Chaengwattana, Rama II, and Charansanitwong areas. Partnering with K.P.N. Senior Hospital, a leader in elderly care, these initiatives aim to create a comprehensive healthcare ecosystem aligned with Pruksa “Live well, Stay well” lifestyle concept.
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