to its turnkey business, the revenue recognition is performed based on percentage of completion method which may deviate from the payment plan according to the contractual conditions. As a result
Receivables Due to its turnkey business, the revenue recognition is performed based on percentage of completion method which may deviate from the payment plan according to the contractual conditions. As a
million in 3Q17 and 9M17, respectively. The main drivers were attributable to a decrease in room revenue due to three hotel renovations and an increase in administrative expenses to support business
concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a concession arrangement at actual cost
two key brands, Babi Mild and Twelve Plus, will be further strengthen, on top with new pillar launches in facial and skin care segments. CLM remain our key markets outside Thailand. Myanmar is the main
current period. These factors are likely to impact the results of Q3 2019 but with the completion of Government formation process, discussions on providing stimulus to revive the economy and enforcement of
, excluding Dusit Princess Korat Hotel which was closed in late 2017, increased 1.0% yoy. This growth was driven by the increase in revenue from the completion of the renovation at Dusit Thani Laguna Phuket
asset to generate revenue and it is only a place to run a business, which the Company can change to other locations. Also, the Company’s main income-generating asset is personnel. The Company is currently