was why the company had to have an extra expense. 2.3 The company had a big project which had a revenue recognition in the nine months of year 2018 lower than those in the nine months of year 2017

2018 with net loss of 1,102 million Baht as a result of disposal of asset a total of 422 million Baht. While no further revenue recognition from the property development business were presence in the

Financial Reporting Standards (TFRS) no. 15 (TFRS 15), “Revenue from contracts with customers”, the Group has applied the first time on 1 January 2019 (initial application date). Revenue recognition of the

% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded

Investment Properties  The Company had no revenue from investment properties during the first quarter of 2020, comparing to the same period of last year, which had the revenue recognition of deferred revenue

contributed 71.9% of total revenue or THB 368mn, decreased by 14.2% YoY. This was resulted from less revenue recognition from project management. Cost of sales increased by 5.7% YoY to THB 453mn mainly due to

, which decreased by 12.7% mm from the same period of previous year, due to not having revenue recognition of the assets which’ve sold to WHABT. However, if excluding the impact from WHABT, the normalized

, increased by Baht 151.27 Million or 43.86% compared with the same period of last year. Resulted from revenue recognition which has progress of the construction of the project on hand (Backlog) which were

or 245.2% compared to the previous year as revenue recognition began in the 4th quarter of 2018. Costs Cost of Goods and Services Costs of goods and services amounts to 500.1 Million Baht, decreased by

at Baht 1,858.6 million, increased by 9.7% from the recognition of gain on land revaluation and net profit for the period net of dividend payment during the period.