from financial statement adjustment in accordance with new Thai accounting standards that caused administrative expenses to sales ratio to rise. H1/2019 Administrative Expenses The Company and its
Million Baht or 31.3 of the total revenue, improved greatly 190.2 Million baht or 28.2%. The rise was primarily contributed by property business. The gross profit from property business in Q2 2017 was
mainly to employee expenses and repair and maintenance of premises and equipment expenses, whereas marketing expenses fell. As a result, our cost- to-income ratio stood at 42.70 percent, which was still
recognition from its completion within this period. 2. Cost of construction increases in the amount of Baht 31.52 million or 38.13% when compared to the same period of the year 2016 which is related to the rise
of real estate business increased by THB 509.14 million or 43.49% when comparing to the same period of last year. Sale of low-rise residential units was THB 808.77 million, an increase of THB 175.94
100.78% when comparing to the same period of last year. Sale of low-rise residential units was THB 632.82 million, an increase of THB 52.36 million or 9% when comparing to the same period of last year
or 105.28%. Sale of low-rise residential units was THB 673.29 million, an increase of THB 167.71 million or 33.2% when comparing to the same period of last year which was 2018 2017 Increase (Decrease
business; due to finished product price increase that coincide with the rise of global crude oil price, and total sales volume increased by 5%. Also, the company received higher revenue from the power plant
inventory management prior to the refinery’s maintenance period, while Dubai crude price were on the rise throughout the quarter. The refinery business recorded an inventory gain in the amount of THB 856