, primarily due to fair value adjustments on investment property at THB 794m realized in 9M18. For 3Q19, the Company reported total revenue of THB 3,520m, grew by 94% YoY. 275% growth in revenue from sales of
expanded in all categories. The expansion in global and domestic demand reflect to the growth of manufacturing sector. In term of public spending and private investment which strongly growth in all sector
. Domestic demand continued to expand from private consumption and public spending, while private investment contracted especially in real estate sector in line with decline in the supply of new real estate
invested in system to improve production efficiency but the amount of investment was still minimal. Tourism continuously expanded in all region, in line with increases of Thai and foreign tourists even
regard to the Notification of the Capital Market Supervisory Board concerning the Issuance and Offer for Sale regarding Unit of a Real Estate Investment Trust stipulating that the REIT manager entrusted by
, increased from 0.67 times as of 31 December 2017 due to the investment in land for new residential real estate projects. The Company still has the policy to maintain the D/E ratio of not exceeding 1.5 times
% 565.9 78.2% 4.8 0.9% Cost of Sales 12.9 1.7% 157.5 4.3% 144.6 1121.1% Gross Profit 152.4 20.4% 156.16 12.6% 3.8 2.5% Gain from fair value adjustment on investment property 6.4 0.9% -3.5 -0.5% -9.9 -154.7
2018 to 30.98 per 1 Dollar in 2019. Nevertheless, the Company could maintain the growth rate of revenue of 8.59%. Cost of Sales and Services In 2019 and 2018, total cost of sales and services of the
economic slowdown resulting in declining export and plunging tourists’ spending especially Chinese tourists. The instability in Thailand politic and election in March 2019 slowed public investment. High
% from 32.14 in Quarter 2 2018 to 31.36 in Quarter 2 2019. Nevertheless, the Company could maintain the growth rate of revenue of 7%. The revenue in European zones decrease Baht 17 million or 21