Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of
%) 22% 22% 1% Real estate sales 0% 43% 43% 43% 0% 0% 42% 42% Operating profit margin (%) 57% 36% 35% (22%) (0%) 47% 36% (10%) Excluding non-recurring items 37% 36% 33% (4%) (2%) 39% 36% (3%) Net profit
Price”) on a lump sum basis equal to the value appraised by the valuers, namely Global Asset Valuer Co., Ltd. and Agency for Real Estate Affairs Co., Ltd., as the valuers approved by the SEC Office. The
operating the NPL management business that has invested in NPLs in the past 9 months. Moreover, the cost of real estate development in subsidiaries increased in condominium projects that are being developed
%, personal loans increased by 35.5%, corporate lending loans expanded by 129.7%, Lombard loans expanded by 62.2% with real estate development loans also registering a growth of 10.4% in 2017. Hire purchase
expanded at 83.9%, personal loans increased by 35.5%, corporate lending loans expanded by 129.7%, Lombard loans expanded by 62.2% with real estate development loans also registering a growth of 10.4% in 2017
) (1.6) Real estate and construction 21,057.0 21,590.0 (533.0) (2.5) Public utilities and services 39,820.8 40,245.3 (424.5) (1.1) Housing loans 26,215.5 27,342.4 (1,126.9) (4.1) Financial intermediation
business March December Variance 2020 2019 Amount (%YTD) Agricultural and mining 10.8 12.9 (2.1) (16.3) Manufacturing and commerce 38,703.1 38,315.5 387.6 1.0 Real estate and construction 22,604.2 23,225.8
or 865.5 %, compared to the same period of the last year. KEY HIGHLIGHTS • Total revenue increased by 152.5%, mainly from increase in revenue from sale of real estate and increase in revenue from sale