working capital and partial debt repayment. Property Development Business: The Company continues to explore the opportunity in real estate business by partnership with strong strategic partners. • Mixed-use
liabilities, (vii) an increase in other non-current assets and (viii) an increase in real estate projects under development. After deducting cash paid for interest expenses, cash paid for income tax and cash
comprehensive income when the real estate project has been completed and transferred to the customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog
% 45.9% 49.5% 53.2% GPM before adjustment with PPA/1 82.3% 51.5% 57.3% 54.8% /1 Excluding accounting impact of Purchase Price Allocation (PPA) Income from sales of real estate during 3 months ended the
serviceability of SMEs, maturity mismatches among businesses, particularly in the real estate sector, and the search-for-yield behavior in the prolonged period of low interest rates that could lead to the
criteria Security Type --- Not Specify --- Common share Warrant-Preferred share Real Estate Investment Trust (REIT) Infrastructure Fund Property Fund Debenture Note Derivative Warrants Securitization