2018 Raimon Land Public Company Limited | 27 February 2019 4 / 5 Financial Cost Most of financial cost resulted from loan interest borrowed to develop projects, which are capitalized as development costs
year continually. 4. Property Development Business JAS Asset Public Company Limited ("JAS"), engaging in real estate development business, which the Company holds 67.5% of shares and has a net profit of
% 356.42 42.0% -0.5% 5.4% Income from rending of service through online top-up machines “Boonterm kiosk” (Service Charge) 428.87 55.8% 481.50 57.2% 481.87 56.8% 0.1% 12.4% System development services income
upscale successfully developed hotels, as part of Project Crossroads Phase 1 in the Emboodhoo lagoon in the Republic of Maldives, consists of two islands undergoing development, (i) SAii Lagoon Maldives
the Republic of Maldives, consists of two islands undergoing development, (i) SAii Lagoon Maldives, Curio Collection by Hilton and (ii) Hard Rock Hotel Maldives "Project Crossroads Phase 1 Hotels "; and
WHART was 39.0%. Industrial Development Business 2018 2019 Increase/ (Decrease) THB mm THB mm % Revenue 2,124.9 3,505.0 64.9% Gross Profit 1,066.4 1,777.2 66.7% Gross Profit Margin 50.2% 50.7% GPM before
property development business amounting of 0.72 Million Baht, as the construction process of the project 7. Financial Cost increased 3.02 Million Baht, or 108.63% because the Group using short term credit
. Crossroads project, the first Maldives integrated leisure and resort destination, has been under development and had no impact on 1Q19 performance. Page 4 of 7 Management Discussion and Analysis 1Q2019 1Q19