the Company and subsidiary companies increased 17.32% and 0.60% respectively, most of which was the income recognition from ready-to-move-in projects and recognition of one project completed in Q1/2019

11% Y-o-Y (Table 4), due partly to the WLTP issue, which resulted in lower orders from automotive suppliers, as most suppliers shifted their priority to stock management. In 1Q19, consignment stock

similar to the amount of the same quarter of last year and most of them were the fixed expenses to be paid whereas having low income. Finance Cost The finance cost of the company and subsidiaries was Baht

14 million for Q1’ 2017. This is in line with the higher revenue from telecommunication projects. Gross profit margin for Q1’ 2018 is decreased from 24% to 14% since most projects have

million THB, most of which is the income recognition of ready-to-move-in projects as well as the 4 projects completed and ready to be handed over. There is thus lesser number of projects under construction

(0.24) million due to most customers in the government sector changing their bidding process to E-bidding which has lower cost and expense. (Unit : Million Baht) 2018 2017 Change % Change Revenue from

PLUS SECURITIES COMPANY LIMITED. Therefore, most of the company’s assets were used as the guarantee for the loans with the financial institutes. The company’s assets have the higher value than the given

Transaction The Board of Directors has considered and viewed that the transaction is reasonable and most beneficial to the Company and its shareholders. 9. Opinion of the Audit Committee and/or the Directors

those of last year. Most of the small and medium project projects have a higher gross profit margin than large projects. Smart service business The Company had gross profit for the third quarter of 2019

sector on export competitiveness. However, the tourism sector continued to expand mainly thanks to an increase in the number of tourists of most nationalities; especially tourists from China, India, and