“Vibrant Community For All” has thus been established with improved product and service values. “Lumpini” community is the big family where the residents of all age groups live together under care and share culture and with the real pleasure of living. In this quarter, the Annual General Meeting of Shareholders 2016 was organized on 31 March. The Meeting resolved to pay the dividend at the rate of 0.90 THB (Ninety Satang) per share. Since the interim dividend of 0.30 THB (Thirty Satang) had already been paid, the remaining dividend of 0.60 THB (Sixty Satang) was paid. 

Dear Shareholders,

Even though the real estate business in Thailand has slowed down from 2015 through to the first quarter of 2016, the housing needs of the target group i.e. the middle- to lower-middle income earners have continuously been increased. It is in accordance with the Company’s objective to develop high-quality residential condominium as the first “home” with the affordable price. At the same time, the Company has always emphasized the importance of environmental and social responsibility in all operational processes as well as business operation that is based on good corporate governance principles and is transparent and auditable. 

Furthermore, the community management strategy has been intensified. The “Vibrant Community” strategy which is unique only to the Company has built confidence in the brand and enabled the customers to make a referral to others as evidenced by the increasing sales volumes of new projects launched, most of which is a result of a referral from existing customers. “Vibrant Community For All” has thus been established with improved product and service values. “Lumpini” community is the big family where the residents of all age groups live together under care and share culture and with the real pleasure of living. In this quarter, the Annual General Meeting of Shareholders 2016 was organized on 31 March. The Meeting resolved to pay the dividend at the rate of 0.90 THB (Ninety Satang) per share. Since the interim dividend of 0.30 THB (Thirty Satang) had already been paid, the remaining dividend of 0.60 THB (Sixty Satang) was paid. 

Although the real estate sector has seen a slowdown this year, the Company has closely monitored the situation and adapted the business strategy to changing business environments. It can be ensured that the Company exercises the utmost caution in operating the business as well as upholds the highest standard of management in order to enhance business growth for the benefit of all stakeholders. 

On behalf of L.P.N. Development Public Co., Ltd., I would like to thank all shareholders for your trust and confidence in the Company and for spreading the words about our product and service values. I very much hope that all shareholders will always regard “Lumpini” as the leading brand of real estate developer. 

Pakorn Thavisin
Chairman