year 2018 from 527.55 MB in year 2017. This is due to restructuring and continuously minimizing operating and administrative expenses throughout year 2018.  The recognition of a provision of forestry

stable. SG&A The Company selling expense for the year ended 31 December 2019 and 2018 were THB 256.71 and 207.62 million respectively. Selling expense had risen by THB 49.09 million or 23.64% due mainly to

revenue from condominium sales of 1,136.50 Million Bath, which is decrease by 1,527.30 Million Bath or down by 57.34% due to the reduce number transfer of condominium ownership revenue recognition than the

the year 2016 was Baht 3,726.68 million. The significant decrease due to the reduction of the revenue construction works of renewable energy power plants projects of private sector. The revenue from

2017. There is a gross loss of 22.78% due to the expected loss estimation from one of the current construction projects. For all other completed projects in 2018 with 10% of gross profit margin still

Ref. PDI/BK-BS-056/2018 8th August 2018 Re: Management Discussion and Analysis (MD&A) For the 2Q 2018 and 1H 2018 To: President The Stock Exchange of Thailand Due to depletion of Mae Sod Mine’s

abroad sales and lower revenue recognition from overseas sales resulting from Thai Baht appreciation against 3 main currencies (USD, EUR, and AUD) even though having higher export volume compared to the

mix efficiently. However, the Company had applied and accounted for expenses from rental contracts according to TFRS 16 – Leases, which affect to net profit margin. In addition, due to the market

or down by 30.44% Due to the Rich Project Avenue @ Damrongrak Completed construction And can transfer income recognition in the year 2020. Real Estate Costs For the three-month period of 2020, the

of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR) increased by Baht 9 million from Q4/2017 due to higher sunlight