Baht or 2.98% compared to the same period of last year (If excluding construction revenue under concession agreement of 2,999.93 million Baht, the total consolidated sales and services income would

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

project is under construction and scheduled to launch in 2018. CPN has secured key anchor tenants including department store, supermarket, and cinema. Retails tenants are currently in the process of

Mr. Rattanathorn Shinkrajangkij Mr. Rattanathorn Shinkrajangkij, a director of Thai-Shin Engineering and Construction Co., Ltd., rendered assistance and support for Mr. Bhusana Premanode, while

Ms. Yadapat Shinkrajangkij Ms. Yadapat Shinkrajangkij, a director of Thai-Shin Engineering and Construction Co., Ltd., rendered assistance and support for Mr. Bhusana Premanode, while being

: Revenue Structure The following table shows the total revenue structure of the Company by business type according to the consolidated financial statements for the three-month period and the six-month period

Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1

, passing Bang Pai, Bang Wa, Phasi Charoen, and Bang Kae, and ends at Kanchanapisek Road, totaling 9 kilometers of elevated structure with 7 stations. Section 3 Tao Poon Station - Tha Pra Station: within 36

) (%) 5.38% 5.66% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.91 0.86 Debt Service Coverage ratio (DSCR) (time) 2.25 2.13 Note: 1) Gross profit and Net profit were excluded construction

construction work 132.5 5.5% 134.3 5.5% 1.8 1.3% Other Non-current asset 82.3 3.4% 80.9 3.3% 1.4 -1.7% Total Non-current asset 2,148.7 89.2% 2,151.4 87.6% 2.7 0.1% Management Discussion and Analysis Q1/2019 Page