compared with the net profit at 78.93 million baht. Net profit from the sale and transfer of Ownership of land was 293.80 million baht. ,operation net profit was 38.57 million baht was decrease 40.36 million

million baht higher than the sixth-month period for 2018 by 23.0 percent. The reason for the Company’s incurred net loss was due to a decreasing in rental and services income and an increasing selling and

1,375 million Baht. The significant increase was mainly due to the ability to continually transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon totaling of 94 residences, and to recognize revenue

million due largely to the increase in property tax income of Thai Wah Tower.  Other income declined by Baht 76 million. This is essentially due to a gain on sales of investment amounting to Baht 116

same period of the previous year, the company had income from forfeiture of deposit for land at Koh Siray in the amount of 37.00 million baht and transfer transactions return allowance for doubtful

% as compared to Q1 2018 of 482 million Baht. The significant decrease was mainly due to the transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon in Q1 2019 of 2 residences which lower than

and its subsidiaries’ advertising and sales promotion expenses compared to year 2015. The specific business tax and transfer fees are in line with the income derived. 4.2 Administrative expenses For the

margin of 23.5 percent. The details on the performance of the companies in the group can be described as follows: Summary of Income Statement Q3/2018 Q3/2017 Change 9M/2018 9M/2017 Change MB MB % MB MB

% 5,535.2 6,620.6* 1,085.4 19.6% Normalized Net Profit/3 523.8 938.3* 414.6 79.2% 1,128.2 1,279.0* 150.7 13.4% /1 Including other income and share of profit from investments in associates and JVs /2 Gross

% (68.5) (529.4) 672.8% Gross profit 420.1 427.9 446.0 4.2% 6.2% 774.6 873.9 12.8% Net gain (loss) on exchange rate (47.6) 112.2 (58.6) N.A. (100) Other income 11.0 173.0