Board of Directors passed a resolution to adjust the principal business policy to real estate development. Later, the company expanded its property development business to industrial estate projects. And
has invested in the real estate business in August 2019, which is the beginning period of the business operations, resulting in operating losses. The company expects to recognising revenues and costs in
working capital and partial debt repayment. Property Development Business: The Company continues to explore the opportunity in real estate business by partnership with strong strategic partners. • Mixed-use
debt to equity ratio was 1.34 times. Forward Looking The Company has a performance according to the plan. In the year 2019, the company is in the process of real estate development for sale of
of Baht 646 million, the majority is Dusit Thani Freehold and Leasehold Real Estate Investment Trust. Cash outflow for purchases of property plant and equipment and other intangible assets of Baht
comprehensive income when the real estate project has been completed and transferred to the customers after completion of the payment. Despite the sales of assets in the previous year there are remaining backlog
Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in normalized share of profit from investments in power associates. Such impact from FX losses was only accounting implication and did not
259.70 million or 22.08%, which consisting of Costs of real estate development projects for sale, deposit for land held for development improvement and equipment, cash and equivalents. More total
year ended of 2018, company and subsidiaries had less total assets than last year 2017 at Baht 38.45 million or 3.17 %, which consisting of Costs of real estate development projects for sale, deposit for