a period-on-period basis; this increase was related mainly to an increase in revenues. Statement of financial position As of December 31, 2018 and March 31, 2019, the Company’s total assets amounted

the first quarter of 2019, the Company had a revenue from condominium sales of 417.89 Million Baht, increased by 76.77 Million Baht or up by 22.51%. This was mainly due to the Rich Park @ Triple Station

0.31 million, respectively. Income Tax Expense The Company and its subsidiaries’ income tax expenses in the 1st quarter of 2019 were Baht 5.70 million. This figure resulted from realization of EIC

(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

in a complete stoppage of the plant. Using this opportunity, the Company preponed its Annual Maintenance Shutdown, which was earlier planned for May, 2019, by working strategically to align all

improved the work processes of setting up machinery and manage stock for more efficient production and sales of electricity in the long run. 3. The company’s selling and administrative expenses for this

project for Solar Rooftop Project. Selling and administrative expenses For the first quarter of 2019, it was Baht 52.77 million increased by Baht 17.93 million or 51.46%. This is an increase of Baht 3.81

business. 3  The Board of Directors’ opinion toward the transaction : The Board of Directors’ meeting considered that this transaction is reasonable and for the benefit of the company and its shareholders

this period, re-measurement of employee benefit causing gain on income tax at Baht 4.8 million.

. Subsequently, the Company cancelled the contract and already recognized the revenue and loss for the completed part of this long-term project on the first quarter of 2019. 3. The administrative expense for three