Baht 631.26 million, respectively. This increase resulted from the investment in Property, Plant and Equipment. Also, the establishment of a medical international clinic including preparation for the

Sansiri Holding Twenty Five Limited, which its nature of business is property development, (together be referred to as “Joint Venture Companies”) as resolved by the Board of Directors’ Meeting No. 2/2020

Veranda Resort Public Company Limited Management Discussion & Analysis Q2/2020 Management Discussion & Analysis Q2/2020 The company has main revenue portion from the property development business

target groups of customer. In 2017, the Company started developing premium single house projects. The residential property price in the market at the time had a tendency to rise, especially those located

restructured from short-term debts into long-term loan 5 years, resulted in better financial ratios i.e. Debt to Equity Ratio (D/E Ratio) at 0.39 and Current Ratio at 1.18 which were better than year 2016

principle payable under the Loan Agreement, the company paid completely. At the Annual General Meeting of the Shareholders of the Company held on 26 March 2018, the shareholders resolved to declare total

% from the same period last year. This was because the loan provisions expense in subsidiary and employee remuneration from business expansion. Net Profit The Company’s net profit from consolidated

2018 by Baht 34.39 million, or 4.5% 4. The Company’s financial cost in the year of 2019 was Baht 13.92 million, increased from the year of 2018 by Baht 4.08 million, due to loan from financial

510.39 472.08 38.31 8.12 Property, plant and equipment 931.94 919.08 12.85 1.40 Other assets 85.43 69.00 16.43 23.80 Total assets 1,778.16 1,775.85 2.31 0.13 Accounts payable 135.68 149.37 (13.69) (9.16

expenses incurred from the subsidiary’s share acquisition ie. loan , advisory and lawyer fees for an aggregated amount of THB 2.3 million. Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA