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operating revenue breakdown by business segment (Unit: Million Baht) Second quarter 6-month period 2020 2019 Change % 2020 2019 Change % Revenue from sales of real estate 2,233 1,992 241 12 3,859 5,045 (1,186
of real estate and providers of real estate services. The main focus is put on the quality of life of residents managed with “Livable Community” strategy, social and environmental responsibility and
growth. In 2019, the real estate sector was beginning to face a slowdown as a result of various negative factors, particularly the Bank of Thailand’s Loan to Value (LTV) measure. The situation is worrisome
. This was primarily due to the Company’s business expansion which incur higher expense as well as extra expanses for new subsidiaries that operating commercial real estate business and food and beverage
Project), with revenue from sales. - Real estate development business expected to occurred in that quarter. In addition, the company realizes profit from buying these two businesses since the purchase price