% due mainly to none of new project has been completed in the past 6 months. Therefore, most of the revenue came from the completed projects in early 2018 which was Chateau in Town Charansanitwong 96/2
2017, at the present all construction work has been completed and ready to operate in the second quarter of this year. Non-hazardous waste recycling plant in Lumphun also has been completed and ready to
completed in this current quarter while another one has been under work delivery from a contractor. Comparing to the same quarter in 2019, there were 4 projects and there has been no new awarded project in
mainly to none of new project has been completed in the past 6 months. Therefore, most of the revenue came from the completed projects in early 2018 which was Chateau in Town Charansanitwong 96/2 and
, three projects are completed, namely, Lumpini Park Beach Cha-am 2, Lumpini Park Phetkasem 98 (C,D) and Lumpini Ville Ratburana-Riverview 2 with the combined value of 3,180 million THB. Moreover, Lumpini
for certain period as the negotiation by the parties for conclusion of the shareholders agreement required as a condition precedent has not yet completed. The terms of the shareholders agreement being
result of completed projects and new projects that have revenue recognition from its completion within this period. 2. Cost of construction increases in the amount of Baht 104.58 million or 95.66% when
subsidiaries’ service income was totally Baht 5.12 million, whereas Baht 22.16 million in 2017, decreasing Baht 17.04 million or 76.90 % decrease since the on hand projects were completed with no renewal of
and would be completed in the similar time periods. This caused work overload and shortage of skilled workers Q4/2018 and into Q1/2019, resulting on cost overrun. Discussion and Analysis of the Company