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Published on July 4, 2007

Managing director Jirapongs Vinichbutr said both revenues and the net profit were likely to grow 10 per cent this year. Last year saw revenues of Bt6.5 billion.

Rojana's annual growth has generally been about 20 per cent in recent years, but the current political uncertainty has led to it lowering its target.

The company anticipates selling a total of about 500 rai of industrial plots in Ayutthaya and Rayong provinces this year, quite close to the area it sold last year.

With a more settled political atmosphere in expectation of a general election this year, Rojana expects to achieve its growth target and double it next year.

Jirapongs said the company would realise an annual income of about Bt1 billion from its small power plant by the end of next year.

It plans to start a project that includes houses and commercial buildings in its industrial estate in Ayutthaya, targeting the estate's customers. About 100,000 employees commute to factories in the estate, and there is now only one residential project, a condominium, whose units have already sold out.

Rojana's property projects, including industrial estates and housing, account for about 40 per cent of revenues, with the remainder coming from infrastructure projects, including the sale of electricity and tap water.

Jirapongs said the company planned to spend about Bt2 billion on a new power plant, which would be funded from its cash flow and borrowing from financial institutions.

Its debts of about Bt10 billion are mostly from project financing and can be serviced comfortably, he added. Its debt-to-equity ratio is only 1.5.