follows: Remark: * In Q3 2017, there were 27 residences recognized revenue (54 residences in 2017, and 24 residences in 2016). The remaining residences are expected to be transferred by Q1 2018. MahaNakhon

comprehensive income when the real estate project has been completed and transferred to the customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog

%, primary by higher Gross Profit of High-Valued Document. Excluding extra expenses that are combined as part of the cost of sales in 2Q19. Consisting of the impact of the legal adjustment of compensation for

stated was distributed as interim dividends on 10 September 2018 of Baht 0.45 per share and the remaining Baht 0.80 per share, which is the dividend for the second half of the year, have been distributed

ratio of 15.73 percent, remaining sufficient to cushion against risk, and greater than the Bank of Thailand’s requirement, being 11.50 percent and 9.00 percent, respectively. All of the above endeavors

the outbreak of COVID-19. However, when combined with the interim dividend payment for the first half of the year 2019 (January - June 2019) at the rate of Baht 0.50 per share, the total dividend

) of Baht 26 million in 2019 while the revenue from Combined Electricity and Power Company Limited (CHPP) had a slight fall in revenue corresponding to existing projects. PAGE 4 MANAGEMENT DISCUSSION

เดียวกนั - เพิ่มข้ึนจ านวน 64.03 ลา้นบาท จากส่วนแบ่งก าไรจากเงินลงทุนในบริษทัร่วม โครงการพลงังาน ไฟฟ้าใชพ้ลงังานความร้อนร่วม (Co-Generation Combined Power Plant) ของบริษทัยอ่ย ซ่ึงมี การรับรู้ตั้งแต่

(352.18%), due to GWM has become the Company Group’s subsidiary since March 2018, only its 1 month turnover is able be combined with the quarterly financial statement ended on 31 March 2018, but the

associates companies Share of profits from investments in associated companies, the Co-Generation Combined Power Plants. In the first quarter of 2019, the company recognized profit from investment in the