. However, there were transferred revenue from the Diplomat 39 which is a project purchased for sale that made a lower GPM than the projects developed by the Company as well as special discount for sales of
quarters of 2019, while on the downside we experience increased competitive pressure on our markets. This we plan to overcome with our efficient fixed cost base and continued focus on quality while widening
% compared to the same period last year as sales in China stagnated since the end of last year. Nevertheless, the Company’s business expansion to the Philippines helps extend the customer base and diversify
years. 2) Service & Administrative expenses was Bt61.36mn, representing 7.2% of total revenues from core business, decreasing 7.9% YoY, due to effective cost control and lower service & administrative
collection service income of 131 million baht, increasing 15% y-y from ACS Servicing (Thailand) Co., Ltd. The Company has plans to increase fees base in the future. Expenses The Company’s expenses mainly
the rest 12% to other countries of which the majority were orders from Yemen and Afghanistan. Export sales to CLMV countries, an existing and large international business base for the Company, increased
from strong Thai base customers who continually support the company. Veranda Pattaya Na Jomtien achieved 57% occupancy rate in June and Veranda Hua Hin Cha-am occupancy at 69%, with growth in ADR in both
from Yemen and Afghanistan. Export sales to CLMV countries, an existing and large international business base for the Company, increased by THB 526 million or 36.4% mainly due to higher demand from
and esthetics. 2. Overview of operating results for Quarter 1’ 2020. Thai’s economy has trend to growing lower continuously, Especially Service & Travel business which loss a lot of travellers in this