recorded 2,579.1 Million Baht, increasing by 45.4% as compared to Q2 2016 of 1,773.3 Million Baht. This was mainly due to the increasing revenue from property business, specifically The Ritz-Carlton
31 South Korea - 2 2 Singapore - 3 3 Kuwait - 1 1 UAE - 1 1 Philippines - 2 2 Total 38 26 64 5 2017 MD&A: PACE Development Corporation PLC. For property business, the increase in selling expenses
increasing selling expenses from property business were due to the results of selling and marketing strategies which included sales promotion, the communication to the public through social media for
million Baht. The increasing selling expenses from property business were due to the results of selling and marketing strategies which included sales promotion, the communication to the public through
and Leasehold REIT (DREIT) (property sales profit recorded in 3Q19), and the recognition of gain on reclassification of investments in 4Q19, and recognition of gain on sales of investments in associated
from accounts receivable and other receivables. Non-current assets decreased by Baht 7 million mainly from a decrease in property, plant and equipment from selling Dusit Thani Hotel Maldives and
of THB 102 million, while the company received cash from selling of investment in MFC in the amount of THB 73 million. Property, plant and equipment decreased by THB 848 million, investment was
Biofuel Co., Ltd.) revenue soften due to a decline in average B100 product selling price; a result of the crude palm oil price drop. Sales volume rose from the previous quarter, from the government’s policy