and strict compliance with the respective principles and guidelines has brought about recognition of corporate governance standard in the Thai capital market. I trust that continual cooperation from all

% compared to the same period last year. The key factor was from an increase in real estate revenue recognition of 317.07 Million Baht or an increase by 70.96%. The revenue can be distinguished as follows

282.3% compared to last year. The increase was mainly due to the consolidation of the acquired hotel business in Europe, full year recognition of rental income from 33 Gracechurch Street office building

target is set at 16,500 million THB i.e. residential condominiums valuing 11,000 million THB and single house project valuing 5,500 million THB. The income recognition target is 12,000 million THB i.e

., Ltd., in the proportion of 40% of total ordinary shares Therefore the company must have revenue recognition Into the financial statement Resulting in increased service revenue Which can classify income

amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work

Baht 50.38 million due to the Baht appreciation against JPY. The unrealized loss on exchange rate was mainly from revaluation foreign exchange rate in JPY of long-term investments. 5 | Padaeng Industry

of Baht 1,607.51 million or 82.20 percent. Cost of sales and services decreased due to the appreciation of the exchange rate and increasing production efficiency for both the leather and energy

differences in product mix and the gain from currencies appreciation as compared to same period of previous year. 3. Selling and Administrative Expenses For the second quarter of year 2017, the Company’s SG&A

previous year. Sales and services of Q3 2017 reached 1,439.36MB, an increase of 17% from 1,230.68MB in Q3 2016. This mainly resulted from a 31% increase in USD zinc price despite a 4% appreciation of Thai