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Thailand’s SF eyes profit surge, rent hikes in 2012

Thailand’s Siam Future Development (SF), creator of the Megabangna complex, expects net operating profit this year to rise by almost 80 percent to THB150 million (USD4.7m).

Last year’s net operating profit was THB84m.

Kittinanth Sumruatruamphol, the CFO, said the increase in operating net profit will come from expansion of commercial rental income, as the firm plans to increase rental rates by 15 percent this year.

(Source: Bangkok Post )