laguna resorts & hotels-nvdr (LRH-R) Snapshot

Laguna Resorts & Hotels Public Company Limited reported reviewed consolidated and standalone earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, reported net profit of THB 66,209,000 or THB 0.40 per share compared to THB 36,373,000 or THB 0.22 per share a year ago. Total revenue was THB 1,274,687,000 compared to THB 1,115,291,000 a year ago. Profit before income tax expense was THB 108,635,000 compared to THB 70,798,000 a year ago. Profit attributable to the equity holders of the company was THB 66,209,000 compared to THB 36,373,000 a year ago. Net cash flows used in operating activities were THB 34,171,000 compared to net cash flows from operating activities of THB 73,880,000 a year ago. For the quarter, on standalone basis, reported net loss of THB 12,191,000 or THB 0.07 per share compared to THB 14,523,000 or THB 0.09 per share a year ago. Total revenue was THB 87,450,000 compared to THB 64,981,000 a year ago. Loss before income tax expense was THB 8,443,000 compared to THB 16,009,000 a year ago. Loss attributable to the equity holders of the company was THB 12,191,000 compared to THB 14,523,000 a year ago. Net cash flows from operating activities were THB 158,304,000 compared to THB 282,752,000 a year ago.

Laguna Resorts & Hotels Public Company Limited announced that at its AGM held on April 25, 2013, the shareholders approved the dividend payment to shareholders in the amount of THB 0.125 per share for 166,682,701 shares, totaling THB 20,835,338 for the year ended December 31, 2012. The company will pay the dividend to the shareholders whose names appear in the company's share register book as at May 7, 2013 which is the date for determination of shareholders who are entitled to the dividend payment (record date) fixed by the board of directors. The closing date of the company's share register book for collecting shareholders names under section 225 of the Securities and Exchange Act is fixed on May 8, 2013. Dividend payment will be made on May 23, 2013.

Laguna Resorts & Hotels Public Company Limited reported audited consolidated and company earnings results for the full year ended December 31, 2012. For the year, on consolidated basis, the company reported net profit of THB 41.393 million or THB 0.25 per share compared to net loss of THB 223.575 million or THB 1.34 per share a year ago. Total revenue for the year was THB 4,299 million, an increase of THB 701 million as compared to the last year mainly due to: Revenue from hotel operations increased by THB 366 million mainly due to higher revenue of Angsana Laguna Phuket, Banyan Tree Phuket and Banyan Tree Bangkok. Revenue from property development operations increased by THB 316 million mainly due to the higher recognized sales value of properties sold offset by lower revenue from the sale of holiday club memberships. Revenue from office rental operations increased by THB 7 million mainly due to an increase in tenant occupancy. Other income increased by THB 12 million mainly due to the gain on revaluation of investment property offset by lower interest income of property sales. Profit before corporate income tax expenses were THB 94,432,992 against loss before corporate income tax expenses of THB 82,695,152 a year ago. Profit for the year from continuing operations was THB 58,557,927 or THB 0.25 per basic share against loss for the year from continuing operations of THB 184,660,236 or THB 1.34 per basic share a year ago. Profit attributable to equity holders of the company was THB 41,329,679 or THB 0.25 per basic share against loss attributable to equity holders of the company of THB 223,574,781 or THB 1.34 per basic share a year ago. Net cash flows from operating activities were THB 507,555,666 against net cash used in operating activities of THB 459,008,618 a year ago. Cash payments for acquisition of property, plant and equipment were THB 363,823,915 against THB 621,280,291 a year ago. For the year, on company basis, the company reported net loss of THB 42.875 million or THB 0.26 per share compared to net profit of THB 652.960 million or THB 3.92 per share a year ago. Total revenue was THB 318,762,015 against THB 1,098,895,765 a year ago. Loss before corporate income tax expenses were THB 42,875,169 against profit before corporate income tax expense of THB 653,269,443 a year ago. Loss attributable to equity holders of the company was THB 42,875,169 or THB 0.26 per basic share against profit attributable to equity holders of the company of THB 652,959,928 or THB 3.92 per basic share a year ago. Net cash used in operating activities were THB 215,934,353 against net cash flows flow from operating activities of THB 223,278,919 a year ago. Cash payments for acquisition of property, plant and equipment were THB 1,822,678 against THB 3,534,504 a year ago.