ANAN Reports Net Loss of THB457 Million in 2021 as Property Sales Decline amid Pandemic

Ananda Development Public Company Limited (SET: ANAN) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
(457.342) (206.577)
Earning Per Share (Baht) (0.26) (0.19)
% Change (-121.39%)


ANAN reported a net loss of THB457.3 million and an EBITDA of THB176.6 million in 2021, compared to a net loss of THB206.6 million and an EBITDA of THB595.3 million in 2020. A decrease was mainly due to decreasing share profit (loss) from investments in joint ventures which was affected by a decrease in the transfer of ownership of condominium units in the joint venture under the situation of the COVID-19 outbreak. The decrease of net profit was also derived from decreasing revenue from project management services and commission income and also the decrease in other incomes. However, under the COVID-19 outbreak, the company still has the efficiency in managing and controlling the selling and administrative expenses, which were 22.1% decreased from the same period last year.

Total revenues in 2021 accounted for THB4,177.0 million, decreasing THB1,066.2 million or a decrease of 20.3% year on year, mainly due to decreasing revenue from project management services and commission income. In addition, other incomes in the year 2021 were decreased significantly because there was one time income in 2020 which were the dividend income and gain on sale of investment in subsidiaries.


In addition, the Board of Directors’ Meeting held on 24 February 2022 approved the omission of dividend payment as loss for business operation during 1 January– 31 December 2021.