million THB or 58.26% i.e. from 1,780.38 to 2,817.62 million THB. Since projects development is ongoing, the creditors for construction costs increase 533.09 million THB or 84.06%. There is also an

9.71% Other income 11.34 17.34 6.00 52.92% Selling expenses 191.18 182.01 -9.17 -4.80% Administrative expenses 386.17 457.10 70.92 18.37% Finance costs 20.71 25.95 5.24 25.33% Profit before income tax

17.6% Cost of sales - 684.8 - 747.8 8.4% Selling expenses - 19.6 - 20.1 2.3% Administrative expenses - 36.1 - 44.0 17.9% Finance costs - 12.2 - 7.9 -54.3% Profit for the period 35.3 42.6 -17.2% Net

11.34 17.34 6.00 52.92% Selling expenses 191.18 182.01 -9.17 -4.80% Administrative expenses 386.17 457.10 70.92 18.37% Finance costs 20.71 25.95 5.24 25.33% Profit before income tax expense 407.36 442.90

previous year or 30.2 percent, which was an increase in personnel expenses, commission for debt collection, litigation cost and costs related to the insurance business. As for the gross profit margin in the

982.3 169.9 21.5% (21.8) (2.2)% Profit Attribute to Equity Holders of the Company 133.3 110.9 108.0 22.4 20.2% 25.3 23.4% In the first quarter of 2017, the Company's total revenue increased from Q4-2016

creditors for land and construction costs increase 857.10 million THB or 124.15%. The amount of down payment that is to be recognized increases 456.16 million THB or 197.10%. As a result of the above reasons

total revenues when compare to the same period in 2016 was gross margin 3.23 percent and net loss (15.08) percent of total revenues. Table 2: Overview of costs, expenses and gross profit to revenue. Items

THB. The creditors for land and construction costs increase 145.76 million THB or 21.11%. The amount of downpayment that is to be recognized increases 632.64 million THB or 273.35%. As a result of the

million, which grew by Baht 2.3 million or 68.2%. The increase was chiefly from the full quarter recognition of costs related to 33 Gracechurch Street office building. 3) Selling and servicing expenses of