project in Q2-2017 and Q2-2016 are similar but the gross margin in Q2-2016 was higher. Therefore, the gross margin of the projects delivered in Q2-2017 is lower than those in Q2-2016. Financial Analysis of
% decrease since there has been no any new awarded project and such an income has been gained from 9 projects on hand since 2016 and another 3 projects completed in 2017. The 2017income of Baht 72.04 million
represents increasing of loss 34 Million Baht (106%) from Q1/2018’s loss of 32 million Baht. One reason for net loss is because of the lower prices for these projects which were awarded in Q4/2017 – Q1/2018
business. Financial Cost Total cost of financing primarily resulted from interest costs in association with project loans, which are capitalized as development costs for respective projects till completion
projects till completion. Thereafter, such interest costs will be recorded as finance costs in the Statement of Income. Upon project completion, loans are repaid in installments along with transfer of
land and providing services related to project security and cleaning to the group customer, that operates 17 solar power plant projects in Thailand, and revenue from sales of electricity from its own
project loan in construction completed projects. Please be informed accordingly Sincerely yours, (Mr. Suriya Poolvoralaks) Executive Director and Managing Director http://www.majordevelopment.co.th
increased by 609.18 million baht or 55.61% from 1,095.42 million baht in Q2/2019 to 1,704.60 million baht in Q2/2020 because of the promotion campaign in ready to move-in projects in Q2/2020 including the
popularly used in industrial plants, buildings with greater than 8 floor, mega structures (such as airports, department stores, auditoriums, etc.), and infrastructure projects including raceway systems for