total revenues of THB 2,407.17 million, a decrease of THB 153.73 million. Cost of sales and rendering of services was THB 1,716.07 million, an increase of THB 31.88 million. Gross margin was THB 691.10

compared to 2017. The Company had total sales and administrative expenses of 3,674 million Baht (42% of total revenue), a decrease of 2,282 million Baht or 37% as compared to 2017. This comprises of (1) cost

resulted from the consolidation of Trans.Ad Solutions Company Limited and Roctec Technology Limited, collectively called “Trans.Ad Group”, which was acquired in August 2018. Cost of sales increased by 318.9

212.73 8.41 204.32 2,429.49 Cost of construction contracts (492.00) (309.83) 182.17 58.80 (860.25) (643.35) 216.90 33.71 Gross profit 48.31 30.85 17.46 56.61 94.41 71.87 22.54 31.36 Other income 0.15 0.72

cost, higher online travel agency costs, and employee costs to support the expansion of hotel business. 1Q18 EBITDA margin was 25.5%, compared to 23.0% of the previous year. In 1Q18, depreciation and

Baht (119% of total revenues), significantly decreasing by 5% as compared to the same period last year of 1,371 million Baht. In Q3 2018, the Company had finance cost of 179 million Baht, decreasing by

the first draw down date. Total value of transaction comprises of loans value equivalent to maximum Baht 94 million and the total cost of financing of Baht 5.875 million for the period of 6 months

appreciate more than the previous year and effected to cost of goods sold was decreased from the last year. Moreover Gross Profit was increased from growth of revenue in current year while fixed cost still

100.0 (1,045.0) (30.3) Expenses Cost of real estate sales 1,702.3 49.3 1,174.4 48.8 (527.9) (31.0) Selling expenses 611.6 17.7 349.1 14.5 (262.5) (42.9) Administrative expenses 122.3 3.5 126.3 5.2 4.0 3.3

100.0% -4.6% -8.7% Cost of services (629.36) -78.8% (599.48) -78.3% (585.67) -80.3% -2.3% -6.9% Gross profit 169.29 21.2% 164.86 21.6% 143.38 19.7% -13.0% -15.3% Service & Administrative expenses (53.62