exempted for (1) institutional investor (2) high net worth juristic person who denies taking the test and seller is confident that investor has good understanding about the product and (3) funds managed by a
become more attractive to investing public as an alternative to traditional savings. For potential and new investors, mutual fund managed by professional managers would be a suitable investment choice. For
as sales. Although the Company will has been better administration for cost of sales and control expenses than previous year, as a result to revenue recognition and gross profit was decrease. Net
increasing from 4.79% in 2018 to 12.76% in 2019. The loss incurred is due to the recognition of gross loss from the construction business; higher administration cost to support the expansion of construction
. which is held 51% by the Company starts to recognize revenue. 1.3) Revenue from Real Estate Development increase THB 80.79 million due to starting of revenue recognition of the subsidiary. 1.4) Revenue
loss of revenue recognition from design engineering. 2. Cost of contract work In the first quarter of 2019, the Company and its subsidiaries had cost of contract work amount of 120.28 million Baht, the
development operations which comprise of property sales and the sale of holiday club memberships decreased by Baht 97 million. The difference is largely attributed to the lower revenue recognition of holiday
last year along with declining proportion of sales in the year 2019 and the recognition of income from some projects with lower margins. Other Income Other income is income from other business activities
result of new branch opening at The Mall Bangkapi in October 2018, resulting in the growth in this quarter revenue recognition compared to last year. Moreover, the group has opened a new branch at Central
of holiday club memberships decreased by Baht 246 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket and Laguna Residences which