operations and water management project. 11. Tax expenses in the year 2019 was Baht 0.28 million while there was Baht 3.25 tax income in the year 2018. It is increased by Baht 3.53 million from increasing of

“we” or “our” or “us”) would like to inform management discussion and analysis for its results of operations from the consolidated financial statements for the years ended December 31, 2019 as follows

higher earnings from operations. 1.9 Profit Sharing for non-controlling interest of a subsidiary company On Oct 1’ 2010, the company sold partial investment in a subsidiary company to Japanese alliance

Bt83mn in 9M17. Other Business Performance of this part constitutes those of other business operations, e.g. property/hotel management service, project management service, etc. As of 3Q17, the Company was

expenses has a rate of incremental higher than the increasing rate of the total revenue, then profit from operations before finances cost and taxes (EBIT) was amounted to Bt1,450.5 million, a decrease of

other business operations, e.g. property/hotel management service, project management service, etc. As of 4Q17, the Company was engaged in two distinct project management services – a tourist facility

sold equaled THB 3.0mn. The food and beverages business had just started its operations since the final week of 1Q/18, therefore, the business unit started to contribute considerable amount of revenue

net off with the changes in assets and liabilities from operations 2) Net cash used in Investment Activities amounted to 269.73 million Baht. This was mainly due to the investment in fixed assets

increased 43.8 percent while subsidiary’s loss for the period at Baht 12.7 million due to current sales cannot support the subsidiary’s operations on selling and administrative expenses, mainly expenses of

period from continuing operations 897 787 14.0% 796 12.6% Profit for the period from discontinued operation, net of tax - 12 -100.0% - - Profit for the period 897 799 12.3% 796 12.6% Profit attributable to