Uthai Uthaisangsuk has been instrumental in leading SET-listed developer Sansiri Plc to record-breaking performances over the past three to four years, particularly during the pandemic period, notably adopting a "speed to market" strategy. In early 2020 when Covid-19 first started to spread, nobody knew how long the impact would last. Yet Sansiri quickly made decisive moves, especially as the condo segment was facing obstacles.
At the time, the company held a substantial inventory of condos valued at around 20 billion baht, most of which were ready-to-move-in units. Sansiri was the first to launch special promotional discounts on these properties. While this meant sacrificing some profit, it provided crucial cash flow during a stagnant market.
Despite the pandemic in 2020, Sansiri reported 30.6 billion baht in revenue from residential sales, a 60% increase from 19.1 billion baht in 2019.
This surge was primarily driven by condo sales, which more than doubled from 5.36 billion baht to 12.1 billion baht.
Though residential sales revenue dipped to 26.17 billion baht in 2021, it rebounded to 30.71 billion baht in 2022 and climbed to 32.
83 billion baht in 2023. Last year, the company recorded 49 billion baht in presales and 39 billion baht in consolidated revenue, both new highs. Net profit also grew consistently, improving from 1.
67 billion baht in 2020 to 2 billion baht in 2021, 4.28 billion baht in 2022 and reaching an all-time high of 6 billion baht last year. Net profit margi.
