Amata cuts 2006 revenue target 12.7%: Industrial land plot sales slowing down.

Byline: Busrin Treerapongpichit

Sep. 6--Amata Corporation Plc, the country's largest industrial estate developer, has cut its revenue target by 700 million baht or 12.7 percent, to 4.8 billion baht from an earlier target of 5.5 billion, due to continuing political uncertainty and the sluggish economy, according to the company's treasurer, Varaporn Vatcharanukroh.

Amata had earlier set a revenue target of 5.5 billion baht this year based on expected sales of 2,000 rai of industrial land plots. However, it sold only 250 rai in the first six months of this year.

As a result, the company has set a new land sales target at 1,500 rai worth 4.8 billion …