LPN Development

L.P.N. Development Public Company Limited is a Thailand company engaged in property development, primarily condominiums and commercial property in greater Bangkok, and beachfront vacation condominiums in Cha-Am and Pattaya. Prior to 2017, its target market was lower to middle-income earners. However, the company has refocused on middle to upper-income customers, and more projects downtown. Incorporated in 1989, the company's first development project was Lumpini Tower on Rama 4 Road,  completed in 1992. The company was listed on The Stock Exchange of Thailand in  1994 (symbol: LPN). At the end of 2017, the company had nearly 3,500 employees.

Company brands include The Lumpini 24, Lumpini Suite, Lumpini Place, Lumpini Park, Lumpini Ville, Lumpini MegaCity, Lumpini Mixx, Lumpini Center, Lumpini CondoTown, Lumpini Township, Lumpini ParkBeach Jomtien and Lumpini SeaView condominiums, and Bam Lumpini and Baan 365 townhouses. By the end of 2017, LPN had completed 136 projects with a total of over 128,000 units.

In 2017, LPN received the Outstanding Real Estate Project (affordable residential condominium) award from the Agency for Real Estate Affairs for Lumpini Ville Sukhumvit 76. The company was rated Outstanding in corporate governance from the Thai Institute of Directors in 2016.

L.P.N.'s key directors and executive staff are Mr. Amornsuk Noparumpa, Chairman of the Board; Prof. Siri Keiwalinsrit, Board Vice-Chairman; Mr. Tikhamporn Plengsrisuk, Chief Executive Officer; Mrs. Yupa Techakraisri, Executive Director; Mr. Kumpee Chongthurakit, Executive Director; Mr. Pichet Supakijjanusan, Executive Director; Mr. Opas Sripayak, Executive Director.

At the end of 2017, L.P.N. assets totaled THB 21.007 billion. Total revenue was THB 9.655 billion, versus THB 14.651 in 2016. In 2017, condominiums accounted for 88.1% of total sales revenue, while single homes and townhouses accounted for 11.9%. Net 2017 profit was THB 1.062 billion, compared to THB 2.176 billion in 2016. Earnings per share in 2017 were THB  0.72, versus THB 1.47 in 2016.

At the end of 2017, primary company shareholders were:

• Chase Nominees Limited, 9.18%
• HSBC (Singapore) Nominees Pte Ltd., 5.87%
• The Hongkong and Shanghai Banking Corp. Ltd., 4.90%
• Thai NVDR Co., Ltd., 4.76%
• Mr. Sumet Techakraisri, 3.83%
• Social Security Office, 3.12%
• Registered K Master Pooled Fund, 1.80%
• Mrs.Yupa Techakraisri (company Director), 1.77%
• State Street Bank Europe Ltd., 1.71%
• ABLTF, 1.56%