Company Reports Impressive 2024 Results with 43% Profit Increase, Poised for Rapid Growth

Minor International Public Company Limited (MINT) reported a remarkable financial performance for 2024, with a 43% year-on-year increase in net profit to THB 7,750 million, highlighting strong operational execution and sustained global travel demand. The hospitality sector contributed significantly, benefiting from RevPar growth and market expansion, particularly in Europe, the Americas, and Thailand, while the restaurant division thrived through innovation and franchising. MINT’s strategic asset-light model facilitated the addition of 30 new hotels, and debt reduction efforts improved financial stability. Looking ahead, the company anticipates continued growth in 2025 and beyond, aiming for a revenue CAGR of 6-8% and further expansion in key markets, with strong confidence from CEO Dillip Rajakarier in their strategic plans and commitment to maximizing shareholder value.

Company Reports Impressive 2024 Results with 43% Profit Increase, Poised for Rapid Growth

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