46.2% -56.0 -11.5% Cost of Sales 238.2 26.0% 291.8 31.4% 53.6 22.5% Gross profit 156.2 17.1% 169.5 18.3% 13.3 8.5% Profit (loss) Fair value adjustment of investment property -3.6 -0.4% 6.1 0.7% 9.7 269.4

which require additional staff and rental expenses. In order to be well prepared to operate the company’s new branches, new recruits need to be hired and trained 70 - 90 days in advance. For the first

THB 22.68 million or 27.53%, mainly from additional staff and rental expenses for new branches. However, the Company has measures to control selling expenses, in order to maintain the proportion of

revenue from the property management and cleaning services which was in line with the increase of successful ownership transfers from 6 completed developments and including additional incomes from (sold

expense decreased mainly because of an adjustment of staff costs to be in line with the company’s operating performance, while the increase was due to an additional amount of provisions set aside for

in revenue from construction service in oil and gas sector amounting to 162.22 Million Baht, accounting for 90% compared to the same period of previous year. However, the Group has completed property

target groups of customer. In 2017, the Company started developing premium single house projects. The residential property price in the market at the time had a tendency to rise, especially those located

total of Baht 2,219.78 Million. Additional, Bidding construction contracts from customer target of Petrochemical and Energy Group are large projects which project volumn are over than Baht 10,000 Million

majority of increasing was resulted from the additional set up provision for employee benefits in respect of increasing the rate of benefit of an employee who has past service 20 years or more from 300 days

and Leasehold REIT (DREIT) (property sales profit recorded in 3Q19), and the recognition of gain on reclassification of investments in 4Q19, and recognition of gain on sales of investments in associated