that the Company managed to properly slash sales expenses from the previous year to be in parallel with the plunge in sales revenue. Nevertheless, some of the sales expenses did not adjust promptly and
10.31425 billion THB, increasing 10.46% and 24.04% from 2018 respectively. The financial liquidity has efficiently been managed, therefore, the interest bearing debt to equity ratio and the debt to equity
company still managed to maintain the gross profit margin at 39.9% and started to realize the profit from 2 new completed joint venture condominium projects (Joint Venture) with Nomura Real Estate
property development services with the focus on the quality of life of the residents managed with “Vibrant Community” concept and develop a home for lower-middle to upper-middle income earners at the
% compared to the same period of last year. That show the Company managed to properly slash sales expenses from the previous year to be in response to decline in sales revenue and the impact from the
debt recovery and total portfolio and a strong growth of both domestic and overseas subsidiaries. In addition, the Company efficiently managed the funding cost. 2. Financial Status Total Assets As of
due to the growth of loan portfolio specially the credit card business. Moreover, the operating cost has been managed with higher efficiency. 5 2. Financial Status Statement of Financial Position 28
managed the hotel staff cost by allocating these staff to the new businesses such as Dusit Suite Ratchadamri Bangkok Hotel, Dusit Events (outside catering), Dusit on Demand (housekeeping services) and Baan