million Baht compared with same period last year amounted 13.1 million Baht, an decreased 6.0 million Baht or 45.5%. Finance costs decreased due to repayments of short-term loans from financial institutions

UE, the Company acquired a 50% stake in both the BTS-Sansiri JV and Keystone JV. Finance costs increased by 254.5% YoY or THB 149mn to THB 208mn primarily from interest expense of loans taken to

and equipment from MACO’s subsidiary of THB 50mn, 2) an increase in long-term loans to associated company of THB 51mn. However, the increase was partially offset by a decrease in 3) advance payments to

last year the subsidiary company had loans with financial institution in the amount of Baht 10 million with fixed interest rate at 4.75 percent per year and brought forward to increase in current finance

the company's products are existing projects. There is also a matter of measures for housing loans that were officially adopted in April 2019. Causing the purchasing power and customers' purchasing

million to Baht 79.2 million as a result of repayments debentures and repayments loans, both repayment as schedule and temporarily prepayment for cash management. Comprised decrease of interest rates of

flow from operations and as the Company repaid the long-term loan in advance. As of March 31, 2018, Net Interest-bearing Debt to Equity improved from 0.31 to 0.25 times as a result of lower debts and

expenses increased by Baht 129 million largely as a result of higher payroll costs, provision for litigation cases and lower reversal of allowance for doubtful debts. Share of profit from investment in

decreased by 7.0% from expenses controlling initiatives • Administrative expenses increased by 3.1% from personnel expenses and allowance for the doubtful debts Nine-Month Period • Total cost of goods sold

- 26.27 26.27 100.00% Reserve for Doubtful Debts 5.90 8.85 2.95 50.00% Others 28.59 33.13 4.54 15.88% Administrative expenses 107.83 177.37 69.54 64.49% Administrative expense for the nine-month period