ORI Reports THB2.7 Billion of Net Profit in 2023, Offering THB0.30 Dividend Payment

Origin Property Public Company Limited (SET: ORI) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2023 2022
Net Profit (Loss)

Million Baht

2,718.23 3,774.54
Earning Per Share

(Baht)

1.1076 1.5382

 

ORI reported a net profit of 2,718.2 million baht, or 17.9% from the total revenues, a decrease of 1,056.3 million baht, or 28.0% compared to the same period last year.

The Group has total revenues during the year of 2022 and 2023 amounting to 15,740.9 million baht and 15,156.8 million baht respectively, a decrease of 584.1 million baht, or 3.7% compared with the same period of the previous year. This mainly resulted from a decrease in Revenues from sales of real estate.

Revenues from sales of real estate, for the year of 2023, amount to 8,840.4 million baht, or 58.3% from the total revenues, a decrease of 2,836.0 million baht, or 24.3% compared to the same period of the previous year.

In addition, ORI announced a dividend payment of THB 0.30 per share to be paid on 23 May 2024. The ex-dividend date is 8 May 2024.