bring the Company an opportunity to enter into real estate development and retail business adding revenue diversification and minimizing concentration risk in hotel business portfolio. 2018 Capital
of last year’s disposal of subsidiaries owning land plots at Bangkrachao; (xi) a decrease in real estate projects under development of THB 620mn. 35,710 46,886 4,352 7,475 40,062 54,361 31 Dec 17 30
venture was renamed to Ratchada Alliance; which U City still holds 50% of the ordinary shares. The purpose of this JV is to invest and develop real estate projects for sale. MANAGEMENT DISCUSSION & ANALYSIS
-depth information on real estate investment. Meanwhile, we continue with our 12 aspiration to become “Customers’ Life Platform of Choice” - the most-preferred platform that can meet customers’ needs in
real-life environment with real customers while complying with the regulations and conditions suitable for the experimenting period, for example, the requirement for standard systems and the maximum
30,889.5 27,844.6 3,044.9 10.9 Real estate and construction 22,884.5 20,789.9 2,094.6 10.1 Public utilities and services 38,426.4 38,074.2 352.2 0.9 Housing loans 28,746.0 29,134.9 (388.9) (1.3) Financial
(%) March 2017 December 2016 Manufacturing and commercial 818,265 814,365 810,335 0.5% 1.0% Utilities and services 419,339 424,143 399,372 (1.1)% 5.0% Housing 222,977 220,250 219,365 1.2% 1.6% Real estate and
Co., Ltd. is the developer of urban residential condominiums with affordable price to serve the needs of the target customers. The international and domestic economic slowdown has affected the real
liabilities, (vii) an increase in other non-current assets and (viii) an increase in real estate projects under development. After deducting cash paid for interest expenses, cash paid for income tax and cash