commercially opened in September 2019. Generally, a hotel will take about 3 years to reach stabilized year and earn the expected normalized profit margin. Selling Expenses In 2019, the Company reported selling

separate financial statement for the Company only, the gross profit margin was 22.4 percent. For the Company only, the gross profit margin in Q1/2019 was equaled to the prior year same quarter at 22.6

a decrease from the end of the previous year by Baht 2,101 Million. Significant Financial Ratios* For the year 2018, the Company had Net Profit Margin ratio at 20.35 percent, Return on Equity ratio at

year 2018, the Company had Net Profit Margin ratio at 26.12 percent, Return on Equity ratio at 10.85 percent, Return on Total Assets ratio at 4.04 percent, Debt to Equity ratio at 1.58 times and Net

the increases in revenue. Gross Profit and Gross Profit Margin (GPM) in Q4/18, the Company has gross profit from sales of real estate of THB 344.6mn, or GPM of 25.4%, which decreased from GPM of 36.0

Million. Significant Financial Ratios* For the third quarter of the year 2017, the Company had Net Profit Margin ratio at 23.94 percent, Return on Equity ratio at 9.97 percent, Return on Total Assets ratio

Company had Net Profit Margin ratio at 20.45 percent, Return on Equity ratio at 10.31 percent, Return on Total Assets ratio at 3.75 percent, Debt to Equity ratio at 1.75 times and Interest Bearing Debt to

year by Baht 148 Million. Significant Financial Ratios* For the second quarter of the year 2017, the Company had Net Profit Margin ratio at 19.35 percent, Return on Equity ratio at 9.44 percent, Return

/2019, corresponding to the decrease in sales. Gross Profit and Gross Profit Margin (GPM)  In Q1/2020, the Company has gross profit from real estate for sale business of THB 43.0mn, decreased from THB

liabilities assumed from the EBT of UE. The net loss of the Company during the year narrowed to THB 629mn, or by THB 354mn from a net loss of THB 983mn. The net profit margin of the Company in 2018 was