Stella X reports profit turnaround and Nova Westgate success

MGR Online•Economy•4d ago

Reader Briefing

Stella X achieved its first net profit in 10 years in Q2/69 and saw strong initial sales for the Nova Westgate project.

•Stella X reported a net profit of 57 million baht in Q2/69.
•Nova Westgate's first phase closed sales exceeding 100 million baht during VVIP Day.
•Stella X will hold a Pre-Sale event on August 22–23, 2026.

Overview

•Stella X reported a net profit of 57 million baht for Q2/69, marking its first profit in 10 years.
•The turnaround resulted from the sale of assets from the Legend Siam project valued at 2,450 million baht and successful debt clearance.
•The Nova Westgate project, valued at over 600 million baht, recorded sales exceeding 100 million baht during its VVIP Day phase 1 closing.
•Kannadanai Phuwasawat stated that organizational restructuring and financial strength since early this year have driven efficient project development.
•Nova Westgate consists of 89 units, including single-detached houses of 190 square meters and twin houses of 143 square meters.
•Stella X will organize a Pre-Sale event on August 22–23, 2026, to launch new house series and a luxury clubhouse.

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Key Quotes

Kannadanai Phuwasawat

"The organizational restructuring and management team transformation since the beginning of the year, combined with the company's return to a strong and stable profit, are key drivers for maximum project development efficiency."

การปรับโครงสร้างองค์กรและการทรานส์ฟอร์มทีมบริหารตั้งแต่ต้นปีที่ผ่านมา ประกอบกับฐานะทางการเงินของบริษัทฯ ที่กลับมาแข็งแกร่งและมีกำไรอย่างมั่นคง เป็นแรงขับเคลื่อนสำคัญที่ทำให้การพัฒนาโครงการมีประสิทธิภาพสูงสุด

Key Entities

Organization

Stella X(สเตลล่า เอ็กซ์)

A public company limited involved in real estate development.

Place

Legend Siam(เลเจนด์ สยาม)

A project whose assets were sold by Stella X for 2,450 million baht.

Nova Westgate(โนวา เวสต์เกต)

A residential flagship project valued at over 600 million baht.

Person

Kannadanai Phuwasawat(กัณห์ดนัย ภูวสวัสดิ์)

Deputy Chief Executive Officer of Real Estate Development at Stella X.

Jakrapong Songtuan(จักรพงศ์ สงทวน)

An executive at Stella X responsible for cost control and construction standards.

Rangsan Muangsiri(รังสรรค์ ม่วงศิริ)

An executive at Stella X responsible for marketing strategy, corporate image, and sales.

Nattaniya Sutthivoranankul(ณัฏฐนิยา สุทธิวรนันท์กุล)

An executive at Stella X responsible for product design and business development.