recording NRV in the past few quarters, affecting the profitability of the Company. This situation affects all entrepreneurs in the palm oil industry as a whole. At present, the Company uses a strategy to set
quarter of 2019, the Company had cost of property sales of 271.65 million Baht, or 61.24% of the revenue from sales of real estate. At the same time, the cost of sales of real estate was 241.21 million Baht
period of 2018 by Baht 150.18 million or 43.09%. This is mainly because of the company’s average daily turnover decreased from Baht 5,187 million in 2018 to Baht 2,906 million in 2019. In addition, at the
(raw material), COGs/revenue ratio of Q1/2019 are at high level. This is because of high stock level carried over Q4/2018. Increase in cost of sales of are main impact to minus in bottom line. 3 / 4
cost amounted to Baht 286.50 million, fell by Baht 25.44 million or 8.16% from the same period of last year as a result of decreased average cost of debt. Net debt registered Baht 27,968.59 Million at
financial status as at 31 March 2019 (Unit: Million Baht) Assets 31 Mar. 2019 % 31 Dec. 2018 % Trade and other receivables 186.19 9% 120.51 9% Inventories 156.42 8% 119.88 8% Investment in associated company
the Subsidiary Company. Non-current assets mainly decreased from depreciation. Cash and cash equivalent The Company and subsidiary has cash and cash equivalent as at 30 June 2018 amounted to Baht 690
the currencies fluctuation is at a lesser level due to the Company has adopted its functional currency to be USD since year 2019 in order to better fit the Company’s recent operation and that the
Performance for the quater June 30, 2019 (Unit : Million Baht) Financial Position as at June 30, 2019 (Unit : Million Baht) Summary of the Annual Operating Result as ended 30 June 2019 Construction Income In
nearing completion. Moreover, projects that are operating at still the beginning stage thus, the Company is able to recognize revenue only in proportion to the success of the work. 2. Cost of construction