M.K. Real Estate Development Public Company Limited (MK) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;
MK reported a net profit of THB 125.04 million, compared to a net loss of THB 26.14 million for the same period of last year, an increase of THB 151.18 million due to revenue was THB 76.72 million, an increase of THB 2.36 million, 3.17% when compared to the same period of last year. Rent and service revenue derived from the Park Court Project and other areas was THB 13.42 million, an increase of 13.26% when compared to the third quarter of last year. Total gross profit from rent and service business for the first 9 months of this year increased by THB 32.14 million or 24.8%, compared to the same period of last year.
For the property management business, revenue was THB 15.79 million, an increase of24.61% when compared to the same period of last year.
For the total gross profit (excluding sale of vacant land), the proportion of gross profit contributed from rent and service business increased from 4.5% at the end of 2015 to 31.8% at the end of the third quarter of 2020.