. However, the genuine gross margin in the first quarter of 2018 was at 57.3 %. Industrial Development Business Q1 2017 Q1 2018 Increase/(Decrease) THB mm THB mm THB mm % Revenue - 416.2 416.2 n.a. Gross
Management’s Discussion and Analysis For the Financial Results of Quarter 2 Year 2017 Ended June 30, 2017 1 ABBREVIATION ADB = Asian Development Bank COD = Commercial Operation Date EBITDA = Earnings
, the Digital Economy, Thailand 4.0 policy, Digital Development Plan for Economics and Society and the bidding of frequency 900 MHz and 1800 MHz. This shall enhance the development of telecommunication
shareholder in the amount of USD 9.51 million. The Company additionally received opportunity cost in the amount of Baht 10 million. Such sale of shares is a termination of joint investment for the development
Development) million baht 6,976 7,319 6,599 Operating expenses to sales (%) 14.16% 15.61% 14.06% Operating profit margin (%) 11.31% 10.87% 13.23% Other income to total revenues (%) 2.22% 1.60% 2.20% Net profit
closure of Dusit Thani Bangkok hotel to make way for the development of the new mixed-use project on 5 January 2019 (THB 225 million), an absence of THB 169 million gain on sale of investment in one of the
JVs that are bearing costs associated with sales, marketing and project development. It was partially offset by THB 17mn profit contribution from Absolute Hotel Service (AHS). MANAGEMENT DISCUSSION
Limited. The Company has already registered the changes to the Department of Business Development, Ministry of Commerce on April 17, 2019. In this regard, the Company still uses the same stock symbol “RATCH
3,137mn, from the assumption of a 50% stake in the joint venture with Sansiri, Keystone Estate joint venture and Keystone Management joint venture, (iv) an increase in land and project awaiting development
performance in 9M18 as expected. Major Development in 3Q18 On 13 September 2018, the Company has issued 1/2018 senior secured and non-collateral corporate bond with total amount of THB 1bnThe bonds has 3-year