creates or enhances an asset or work in progress that the customer controls as the asset is created or enhanced, and hence revenue is recognised over time by reference to the progress towards completing 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

%. The main reason was Baht appreciation more than the corresponding period of previous year. That led to the decrease in cost of inventories. Exchange rate during Q1/2020 was between 30.28 – 33.09 Baht

increasing of wastewater tariff. In case that subsidiary need to continue this project with the same condition in the contract, the return will not be worth. At present, the subsidiary is drafting the notice

5 Consolidated financial position of the Company as of 30 June 2020 in comparison with that as of 31 December 2019 Assets Total assets as of June 30, 2020 and December 31, 2019 were THB 15,363 million

devices to deliver bundled solution to clients. We saw a pick up in the hardware sales as Tiger was agile in offering advance clocking devices that incorpoarte temperature control during the Covid era

square meter of unit in Veranda Residence Hua Hin is higher than units in Veranda Residence Pattaya that had transferred in the same quarter of the previous year. • Better efficient construction cost

Company”) still has carried adjustment of the business strategy to focus on the large project. Moreover the Company still development quality of product and service followed by client’s standard that

third quarter this year. 2 Incidentally, the temporary close of the operation from 19 March 2020 results that the company has no operational profit for 3 months ending on 30 June 2020 but the company

1st quarter of 2021, as follows: Business Overview The Thai economy in the first quarter of 2021 was pressured by the domestic COVID-19 situation that impacted the country’s economic recovery momentum