AP (Thailand) Public Company Limited reported consolidated and standalone earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported consolidated net profit of THB 222,685,000 or THB 0.078 per share compared to THB 394,777,000 or THB 0.14 per share a year ago. Revenue was down 9.6% from the same period last year to THB 2,848,000. Revenue from condominium accounted for 29% of total while 71% of total came from low rise projects. For the quarter, the company reported standalone net profit of THB 82,371,000 or THB 0.029 per share compared to THB 269,502,000 or THB 0.095 per share a year ago.

Effective May 15, 2013, Asian Property Development Public Company Limited will change its name to AP (THAILAND) PUBLIC COMPANY LIMITED.

Asian Property Development Public Company Limited announced that at the annual general meeting held on April 30, 2013 approved the dividend payment for the year 2012 operating result by cash at the rate of THB 0.25 per share, equivalent to 30.5% of the net profit. The record date to determine shareholders names for the right to receive the dividend shall be on May 9, 2013, and according to Clause 225 of the Security and Exchange Act, the closing date of share register book shall be on May 10, 2013, and the dividend payment date will be made on May 23, 2013. The company also approved the company name change, its memorandum of association, article of association and the company seal amendment.