creative value-added concept and (iv) asset divestment where assets are matured or strategically unaligned. …………………………………. (Ms. Piyaporn Phanachet) Executive Director and Chief Executive Officer 2019 KEY
transferred. In 2019, there was a matured debenture amount of THB 1,000mn, on 21 September 2019 which the Company had repaid in full amount. In addition, the Company issued 2 tranches unsubordinated unsecured
. • Other Current Assets: decreased by THB 84 million mainly due to the sale of matured investments. • Other Non-Current Assets: decreased by THB 27 million mainly due to the depreciation expense of right-of
inventory increase 512.65 million THB or 3.02% i.e. from 16,964.84 to 17,477.49 million THB. Three projects have been developed from the previous year and are completed and ready to be handed over. Pieces of
real estate development and service business. The Company has developed premium housing projects in central business area to open up new business opportunities. Moreover, the opportunity in rental real
THB. Two projects are completed and ready to be handed over, namely, Lumpini Ville Sukhumvit 76-Bearing Station and Lumpini Ville Ratchaphruek-Bang waek. There are projects developed from the previous
had developed program that improved efficiency in both internal and customer service. Assets Items that has significant changes Assets Balance by Quarter Changes Q3-2017 Q4-2016 Q3-2017 VS Q4-2016 (MB
lower-middle income earners to lower-middle to upper ones but the affordable price strategy is still retained. Secondly, the brand image is to be developed together with the market segmentation. Thirdly
would start to realize revenue. After that, the next zone will be developed. This caused the Company to record cost of sales and financial costs during the development period. However, Park Court Project
institutions has become very strict and loan rejection rate has been rising. In addition, the projects developed by the Company are large-scale, resulting in an increase inventory. The Company, therefore