the decrease rate of 68.93% in revenue from property development operations. Revenues and gross profit from hotel operations Revenues from hotel operations The details of revenues from hotel operation
and THB 73.47 million respectively. Total revenue decreased by THB 0.32 million or 0.43% from the previous year mainly due to a decrease in SAAM Energy Development Public Company Limited - 2 - service
) (716) (99) (14%) - EGCO : The operating result was down 99 million Baht owing to a decrease of project development incomes from subsidiaries. SEG: Unit : Million Baht Quarter 2 Change Increase (Decrease
:49) led to a change in accounting treatment on this project, from previously Consolidation to Equity Method. This activity was resulting in a decrease in Cost of property development and an increase in
following transactions: a) A 56% investment in DAII through an acquisition of DAII’s newly issued shares in January, in exchange for transfer of the Company’s 51% stake in Nirvana Development Co., Ltd
WHART was 39.0%. Industrial Development Business 2018 2019 Increase/ (Decrease) THB mm THB mm % Revenue 2,124.9 3,505.0 64.9% Gross Profit 1,066.4 1,777.2 66.7% Gross Profit Margin 50.2% 50.7% GPM before
Commercial Development business decrease by Baht 15 Million. Other revenue of Baht 274 Million representing an increase from the same quarter of the previous year by Baht 209 Million mainly from the change in
. invested 40% in the subsidiary and caused the status of the subsidiary changed to be a joint venture company; 2) THB 776.0mn decrease in land awaiting development and investment properties when the Company
. However, the genuine gross margin in the first quarter of 2018 was at 57.3 %. Industrial Development Business Q1 2017 Q1 2018 Increase/(Decrease) THB mm THB mm THB mm % Revenue - 416.2 416.2 n.a. Gross
raised from investors to acquire the asset from the Company. Industrial Development Business 2016 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 2,425.5 3,210.8 785.3 32.4% Gross Profit 876.7