baht, an increase of 32.19 million baht or 14.97% from the same period of the prior year. For the Bad debts and doubtful accounts expense was 40.81 million baht, a decrease of 73.26 million baht or 64.22

over the prior year as a result of the decrease in occupancy of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which comprise of property sales and the sale

. Financial Position As of June 30, 2019; - The total assets amounted to 1,712.95 million baht, decreasing by 24.46 million baht or 1.41% from the amount as of December 31, 2018. The decrease was due to the

increased 4,614,126 baht or 98.64% more than 20%. The main reasons were as follows: 1. Service income decreased 1,528,845 baht compared to the same period of the last year mainly from the decrease of income

wishes to submit herewith explanation and analysis of the Management as follows. 1. Income, gross profit, net profit Unit : Million Baht 1. Income 2019 2018 2017 Increase (decrease) 2019-2018 1.1

of 32.19 million baht or 14.97% from the same period of the prior year. For the Bad debts and doubtful accounts expense was 40.81 million baht, a decrease of 73.26 million baht or 64.22%. The decrease

year, the company sold land and buildings in Bangpoo Industrial Estate 1.5) Revenue from Real Estate Development increase THB 5.95 million. 1.6) Gain of assets decrease THB 163.30 million due from to The

ended 30 June % changes 2019 2018 Increase (decrease) Sales 134,591 179,969 (25.21) Total revenues 333,590 195,327 70.79 Cost of sales 152,878 172,470 (11.36) Selling and administrative expenses 18,982

year. 6. The comparison of the Company’s administration expenses of the first quarter of 2018 and 2017 are as follows: Increase / Decrease 1 st quarter of 2018 % 1 st quarter of 2017 % MB. % Sales income

increased by Baht 1.3 million resulting from the higher cost of raw materials for production, this lead to a net profit from operation of Baht 2.57 million which was a decrease of Baht 6.56 million from the