of sales In 1 st quarter of 2018, the cost of sales at Baht 37.80 million, it decreased Baht 26.54 million or 41.25% compared to 1 st quarter of 2017, varied to the decreased revenue from sales of land

percent of the total shares of NEXT, from the Seller. The Company shall pay for the share acquisition upon a condition that the payment amount is varied according to the calculation from the earnings before

100.00 percent of the total shares of NEXT, from the Seller. The Company shall pay for the share acquisition upon a condition that the payment amount is varied according to the calculation from the

YoY. Transfer ownership of condominium unit of the ESSE at Singha Complex, the ESSE Asoke and Banyan Tree Residences Riverside Bangkok mainly attributed to the surge. Residential projects for sales as

% YoY. Transfer ownership of condominium unit of the ESSE at Singha Complex since September 2019, the ESSE Asoke and Banyan Tree Residences Riverside Bangkok mainly attributed to the surge. Residential

Riverside Bangkok and sales of land plot of Santiburi the Residences. Page 3 of 7 Management Discussion and Analysis 1Q2019 Residential projects for sales as at 31 March 2019: Project Project value Sold

THB 1,264m, grew by THB 948m or 300% YoY. Transfer ownership of condominium unit of the Esse Asoke and Banyan Tree Residences Riverside Bangkok mainly attributed to the surge. Page 3 of 7 Management

similar rate. The profit in Q3–2019 varied with the company’s revenue which increased in the same direction with the increased in revenue. However, when compared to the Q2–2019, it found that the increased

) Income tax expenses in the first quarter of 2018 increased by Baht 41 million or 55% increase when compared to that in same period of 2017. This expense varied with the operating results of the Company and

the project cost. 4. Income tax expenses for the year ended 2019 decreased by Baht 246 million or 46% decrease compared to the same period of 2018. This expense varied with the operating results