year because of the increased number of condominium units handover and ownership transfer. Important numbers in the financial statements 2018 and 2017 Table 1: Profit/Loss Statement 2018 and 2017 Numbers
revenue from the property management and cleaning services which was in line with the increase of successful ownership transfers from 6 completed developments and including additional incomes from (sold
Brand Ownership Number of Room (Room) Steigenberger Hotel Sonne Arcona Hotel Sonne GmbH Rostock Germany Steigenber ger Operating Lease 119 Steigenberger Hotel Stadt Hamburg Wismar arcona 22. Hotelbetriebs
%. The income from rental and service fee and management fee increases 37.58% and 20.52% respectively. Moreover, in order to sell ready-to-move-in projects, the sales promotion costs (excluding ownership
million or 48.75%. Income from ownership transfer of housing and condominium units to customers from Mana Patanakarn Co., Ltd., a subsidiary company that operates real estate development business, decreased
prior year. Caravans have been rendered in music festivals, sport events, tourism and various projects. Operating Results Overview Operating results of the Company for the year ended 31 December 2019 and
operating result for nine months Comparing accumulated operating results for 9 months with the same period of the prior year, the group’s profits increased by Baht 24.07 million, due to the following reasons
of no less than one hundred million baht on the application date and having the paid-up registered capital of no less than one hundred million baht prior to the license issuing date; (2) being able to
prior to the expiry date of approval under Clause 12; and (2) having filed the application for renewal of approval as auditor in the capital market with the SEC Office in advance for at least two months