COMPANY LIMITED AI ENERGY PUBLIC COMPANY LIMITED AIKCHOL HOSPITAL PUBLIC COMPANY LIMITED AIM COMMERCIAL GROWTH FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST AIM INDUSTRIAL GROWTH FREEHOLD AND
COMPANY LIMITED AI ENERGY PUBLIC COMPANY LIMITED AIKCHOL HOSPITAL PUBLIC COMPANY LIMITED AIM COMMERCIAL GROWTH FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST AIM INDUSTRIAL GROWTH FREEHOLD AND
COMPANY LIMITED AI ENERGY PUBLIC COMPANY LIMITED AIKCHOL HOSPITAL PUBLIC COMPANY LIMITED AIM COMMERCIAL GROWTH FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST AIM INDUSTRIAL GROWTH FREEHOLD AND
COMPANY LIMITED AI ENERGY PUBLIC COMPANY LIMITED AIKCHOL HOSPITAL PUBLIC COMPANY LIMITED AIM COMMERCIAL GROWTH FREEHOLD AND LEASEHOLD REAL ESTATE INVESTMENT TRUST AIM INDUSTRIAL GROWTH FREEHOLD AND
The revenue from sales of real estate The Company and subsidiaries had received the revenue from sales of real estate of the year 2017 amount 4,257 Million Baht 39% increase of the same last year
signed into contract or about to be signed which will allow the Company to begin to recognize revenue. 3.2 Revenue from real estate development business has decreased when compared to 2019, by Baht 403.82
estate which the company is to invest and to develop real estate projects of the company of which the company will generate returns more than investing in long-term infrastructure development. Such
SHR MD&A EN Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 1 of 8 August 13, 2020
SHR MDA 3Q19_TH ค ำอธิบำยและกำรวิเครำะห์ของฝ่ำยจดักำร บรษิทั เอส โฮเทล แอนด ์รสีอรท์ จ ำกดั (มหำชน) S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com หน้า 1/8 ค ำอธิบำยและกำรวิเค
by utilizing trust to create the investment vehicle having company with expertise in real estate investment and management perform duty of REITs manager.REIT regulations are partially similar to those