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ONGOING STORY – Raimon Register Huge 2nd Quarter Loss

Category: Real estate, Posted:16 Aug 2009 | 11:48 am

Earlier in the week you might have read our story on controlling shareholder IFA's efforts to stabilize Raimon Land by taking out a large shareholding along with buying down Lehman's investments in The River project. Despite an uplift in many Thai property firms Q2 figures Raimon has gone from a mid year profit of over THB 2 million to a loss in excess of THB 200 million in 2009.
Independent industry analysts have commented that margins for the SET listed firm remain highly volatile and poor control of sales expenses together with hedging on steel commodities thus raising development costs were key reasons. Debt to equity ratios have continued to push higher which are of considerable concern. Looks like IFA's work continues to be a monumental task in trying to regain share investor confidence for the moment.

Other News

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Who’s Caesar And Phuket’s Fastest Growing Hotel Group

Category: Tourism, Posted:04 May 2021 | 06:00 am Welcome to the latest Thai Road Trip episodes from C9 Hotelworks and Delivering Asia Communications. Listen to the Executive Director of Jee Teng Hospitality talk shop and what’s next. We also get out the kitchen and into the dining room handcrafted tableside food service. Check these two now – Inside Story. A Phuket Hotel Group […]
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Sandstorm In the Sandbox

Category: Tourism, Posted:03 May 2021 | 09:39 am All eyes this week locally are on the fate of the Phuket Sandbox which remains a work in progress. The second round of local vaccinations were planned to start this week but given Thailand’s third wave it’s unclear whether the process can move on the expected timeline due to vaccinations being deployed elsewhere in needed […]
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Posh Pool Villas Debut, Island Expat Jabs and Elephants Gone Wild

Category: Tourism, Posted:26 Apr 2021 | 06:00 am It’s Monday and time to get the inside story in these latest video episodes of Thai Road Trip from C9 Hotelworks and Delivering Asia Communications: Phuket Luxury Tourism Heads East Covid-19 Vaccinations For Phuket Expats. What’s Next Phuket’s Journey For Ethical Tourism