Singha Estate Public Company Limited reported its total revenue of 1,306 million baht in the first quarter of 2021, declined 40% from the same period last year. The decline was due mainly to the deconsolidating NVD from consolidated financial statement and coronavirus-induced impact on hospitality business. Nevertheless, an effective cost management, recognizing share of gain from joint ventures and items recorded in accordance with accounting standard resulted in 70 million baht net profit.
Singha Estate recorded 70 million baht net profit, pursued further investment and expected a strong growth this year
