from nine operating stores for the second quarter of 2019 was Baht 4,510.60 million, representing a decrease of 3.6% over the same period last year. The main reasons for the increase in net profit were

11.38 (4.24) (37.24) Net profit per share (Baht) 0.24 0.35 (0.11) Unit : THB'000 The main businesses of the Company and its subsidiaries consisted of: (1) Sale of real estate business Revenue derived from

171 million Baht. The main reason is the effect from the gain of control in 2 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 3, Wireless

CentralWorld was gradually completed in 1Q19 and will resume full service within this year. Asset Enhancement Initiatives to increase the value of existing shopping malls, customers, tenants and societies, and

and generate income by Q1 2018. Additionally, the Company started to develop a new project “Windshell Naradhiwas”, and already pre-sale in Q2 2017. This project is expected to be completed and be able

income by Q1 2018. Additionally, the Company started to develop a new project “Windshell Naradhiwas”, and already pre-sale in Q2 2017. This project is expected to be completed and be able to generate

condominium units in the statement of comprehensive income when the real estate project has been completed and transferred to the customers. MahaNakhon Project: The Company sold 51 residences of the Ritz

net profit of the Group declined. Analysis of revenues 2017 2016 Increase (decrease) Million Baht % Million Baht % Million Baht % Revenues from main business EMS business 2,300 32% 1,657 30% 643 39

2019 The Company recorded a net loss of 726 million Baht (150% of total revenue) as compared to 2Q 2018 with a net profit of 217 million Baht. The main reason of the significant loss in 2Q 2019 was the

Baht % Revenues from main business EMS business 1,457 21% 1,658 21% (201) (12%) Enterprise solution business 1,701 25% 2,676 33% (975) (36%) Smart service business 3,361 50% 3,481 43% (120) (3%) Total