from THB -206.4 Mn in 2017 to THB -121.2 Mn in 2018, an increase of THB 85.2 Mn. This was mainly due to (1) purchase of intangible assets relating to the Japanese brand “Sushi Cyu” in 2017 and (2) lower

in next projects, and to accommodate the Company’s operations and work expansion in the future. In this regard, the purchase prices of the land are lower than the market prices appraised by the

income in 2018 was Bt52. 3 million, decreasing by 11. 2% ( y- o- y) since lower interest income as the investment in short- term Government bonds have been reduced due to the proceed of investment in the

transaction is lower than 15 percent, it falls under the approval authority of the Board of Directors of the Company and the Company is not required to prepare and disclose the information memorandum to the

three months ending 31 March 2018 to THB -11.8 Mn in the same period of 2019, an increase of THB 11.5 Mn. This was mainly due to lower purchase of fixed assets in 2019 compared to 2018. Net Cash from

and related assets in LPG trading business may less than carrying value. The estimation of recoverable amount based on value in use was lower than net book value. However, allowance for doubtful account

competition is severe. However, the Company is rated A- by Tris Rating Co., Ltd. Consequently, the Company is able to save costs from lower interest rates when raising funds from financial institutions or

. However, Return on Equity slightly declined from 14% to 13.7% due to lower debt and more reliance on internal operating fund. From the financial risk perspective, debt to equity ratio decreased from 0.5x to

Cash Flow from Operating Activities CFO as of June 30, 2019 was 79. 82mb, lower than same period last year. The management will consider using the surplus CFO in investment or any other activities to

accordance with the decrease in revenues. However, due to the units in Veranda Residence Pattaya had transferred during this current quarter the average selling price per square meter is lower than the same