depreciation, other managing fees, etc. which is in line with the increase of real estate development projects mentioned above. III Share of loss from investments in joint ventures In the period for year ended
debt in amount of THB 12,183.7 million. Furthermore, the Company obtained additional loan from financial institutions for Project Crossroads Phase 1 development costs leading to the increase of IBD/E
for Bangkok real estate business in 2019 and necessity to increase caution in business operation, the management maintain positive view over luxury condominium1 market, appraising from sales volume of
Majesty King Bhumibol. Moreover, FSMART has adjusted the advertising strategy to reach the plan in this quarter. 4) System Development services income was Bt3.0mn, an increase of 100% YoY, due to the
to HREIT of THB 1,259 mm during first quarter of 2018. Furthermore, the gross profit margin stood at 7.7% for the first 9 months of 2019. Industrial Development Business Q3 2018 Q3 2019 Increase
Built-to-Suit and Ready-built facilities. Industrial Development Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 460.6 1,789.8 1,329.2 288.6% Gross Profit 116.5 949.2 832.7
same period of last year. Industrial Development Business Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Revenue 416.2 421.2 5.0 1.2% Gross Profit 181.6 186.8 5.2 2.9% Gross Profit Margin
increased investment in Singer, an associate, as well as an increase of real estate development costs in JAS Asset, a subsidiary. Liabilities and Shareholders' equity As at the end of 30 June 2019, the
PERFORMANCE Consolidated Financial Statements Q1 2019 Q1 2020 Increase/ (Decrease) THB mm THB mm % Total Revenue and Share of Profit 3,803.0 1,277.8 (66.4%) Total Cost 2,614.2 546.4 (79.1%) Gross Profit 1,074.0