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new clubhouse. For the property management business, revenue for the first half was THB 26.34 million, increased by 41.65% from the same period of last year. In summary, revenue from rent and service

Page 1 of 3 GEL.CS.015/2561 15 May 2018 Subject Management Discussion and Financial Analysis for the operating results of the first quarter of 2018, ended 31 March 2018 To Director and Manager The

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