SET-listed Minor International Plc (MINT), a hospitality and food company, is pouring a few billion baht into developing three luxury projects in Phuket to be completed by 2020. The project with 16 luxury villas worth 6 billion baht in sales value has two phases. However, its total revenue fell by 3% year-on-year to 15.3 billion baht in the first quarter. MHG reported 1.36 billion baht in net profit in the first quarter, a 21% rise year-on-year. MINT shares closed yesterday on the Stock Exchange of Thailand at 35 baht, down 1.25 baht, in trade worth 637 million baht.

Source: Bangkok Post May 18, 2017 00:11 UTC