mainly due to more ready-to- move-in projects in the company which caused the interests to be booked as a financing cost rather than in the cost of real estate sales. Net Profit In the third quarter of

because the income from sale has decreased from 13,855.41 million THB to 8,719.77 million THB or 37.07%. The majority of the income derived from ready-to- move-in projects, accounting for 72% of the income

the Company and subsidiary companies increased 17.32% and 0.60% respectively, most of which was the income recognition from ready-to-move-in projects and recognition of one project completed in Q1/2019

industry. The impacts on the Company are worse than others because the majority of income and sales volume of the Company during the first 9 months derive from sales and ownership transfer of ready-to-move

reassessed its business structure to move towards Green Businesses targeting renewable energy, materials recycling and eco management. To pursue its business strategy, 36 MW solar farms in Thailand have been

million THB, most of which is the income recognition of ready-to-move-in projects as well as the 4 projects completed and ready to be handed over. There is thus lesser number of projects under construction

million baht due to the expansion of LCL causing the higher number of employees and moving office to support expansion which leads to the expenses derived from such move and the former improvement disposal

has progress in sales as follows. area (Rai-Ngan-Wah) height (floor) unit progress 12 June, 2015 31 May, 2016 31 May, 2017 Phase 1 1-3-89 8 141 Reservations 115 rooms Empty 16 rooms Sold 96 rooms

3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company

construction is completed and the ownership of such construction project has been transferred to the customers. 1. As of 30 September 2017, Details and progress of the Company’s residential projects are as