of holiday club memberships decreased by Baht 246 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket and Laguna Residences which

/2018 Different Sales and service income 707 978 -271 -28% 571 825 -254 -31% Cost of sales and services -591 -707 116 17% -478 -614 136 -22% Gross Profit 116 271 -155 -57% 93 211 -118 -56% Other Income 51

comprise of property sales and the sale of holiday club memberships decreased by Baht 172 million. The difference is largely attributed to the revenue recognition of property sales projects namely Laguna

result of completed projects and new projects that have revenue recognition from its completion within this period. 2. Cost of construction increases in the amount of Baht 104.58 million or 95.66% when

million, a decrease of THB 39.88 million or 5.37 per cent. Cost of service and commission amount of THB 465.08 million, a decrease of THB 54.80 million or 10.54 per cent from previous year. The Company

from sales of goods and rendering of services in Q2/2019 was recorded at Baht 548 million, lower 20 % Y-O-Y or Baht 136 million, largely driven by the revenue recognition delay totaling amount approx

volume from China. Analysis of Cost and Expenses 1. In Q2 2018, Cost of sales was 3,385 MTHB, decreased by 256 MTHB comparing to 2017 or 7.0% as a result of lower sales volume as described above. The gross

cost in Q1/2020 amounted 121.14 million baht increased by 30.58 million baht or 33.77% from 90.56 million baht in Q1/2019 due to the recognition of interest expense in construction completed projects and

% 773.66 687.28 13% Revenue from social security 170.13 133.88 27% 630.31 522.19 21% Revenue from Hospital Operations 368.00 316.34 16% 1,403.97 1,209.46 16% Cost of hospital operations 259.24 236.35 10

estate. 1.4) Other incomes decreases 7.10 million baht or 72.55% due to there were gain on sale of assets 9.14 million baht from selling of office buildings, PS Tower. 2. Cost of sales and services of the