Million Baht, accounting for 58.60% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Q2’2020 net profit grew 62.5% y-on-y

is lower than in the six-month period of 2015 due to usage of construction costs based on the progress of work. 4. Expenses 4.1 Selling expenses For the six-month period of 2016, selling expenses

% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded

acquisition Baht 175 million and the increase in deferred tax Baht 118 million while advance for construction work decreased by Baht 317 million, land and construction in progress and project development cost

, there was loss from impairment of investments in associates increased by THB 15.06 million and doubtful accounts increased by THB 0.99 million. Progress of major debtors which is in the process of court

associates of THB 27.89 million. Progress of major debtors which is in the process of court trial and process of legal execution 1. Cases in the process of court trial: 1.1 Media Agency Thai Company Limited is

investment in subsidiary companies 22.41 million and loss from impairment of increased investment in associates 107.17 million Progress on court’s consideration and legal enforcement of the main debtors 1.1

for the development of Carnival Magic Project, Safari Group will emphasize on the appropriateness of the Company’s financial structure and the compliance with the loan agreements. Currently, the

6 December 2007 1 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 4, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 66 2 654