. Moreover, operators of modern construction material retail stores are still increasing the number of branches and group of project customers have continued to develop new residential projects.

the land to develop projects. 6. Decrease in short-term loan to related parties of THB 114.8 mm, because of having loan repayment from the associates in power business. 7. Decrease in investment

continued to develop new residential projects.

venture was renamed to Ratchada Alliance; which U City still holds 50% of the ordinary shares. The purpose of this JV is to invest and develop real estate projects for sale. MANAGEMENT DISCUSSION & ANALYSIS

interest borrowed to develop projects, which are capitalized as development costs for respective projects till construction completion. Thereafter, such interest costs will be recorded as finance costs in

outbreak become controllable. Besides, the Company continues to develop its potential and maintain cost and expense management measures. The Company is ready to adapts to keep up with the situation in order

Limited which the shareholding proportion is 40, 35, and 25 percent, respectively to jointly develop a power project in Nakhon Ratchasima Province. The project is a cogeneration independent power supply

delivery channels and take-home services. In addition, products that are sold in the marketplace area of the regular branch are also available at these new branches The company will continuously develop new

. Promote and support forest conservation; 2. Promote education, including granting scholarships and/or donations to students and/or schools; 3. Develop Thai society and promote and support general public

conservation; 2. Promote education, including granting scholarships and/or donations to students and/or schools; 3. Develop Thai society and promote and support general public interest; 4. Conduct or cooperate