amortization of intangible assets arising from the purchase of investments in associate companies and the result of associate companies’ delayed revenue recognition due to the delay in delivery of work

inflation. As a result, users were more cautious in their spending. The gross profit from digital content via telecommunication channels was THB 18.58 million, decreased by THB 10.99 million or -37.17% YoY

, causing the consumer purchasing power to decrease, together with the concerns of users about future inflation. As a result, users were more cautious in their spending. The gross profit from digital content

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

all three outlets during February 2018. Kitchen Plus: sales was 10.4 Million THB, increased by 10.4 Million THB or 100% YoY, the company’s revenue recognition began in the fourth quarter of 2018

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