, the revenue can be recognized in 2018, which is the main income from the sale of real estate. Income from sales of townhouses amounted to 8.57 million Baht, a decrease of 25.77 million Baht or a

which was the main cost of sales of the Group. The Group had also adjusted selling price since May this year. In addition, some new menus launched this year contributed higher gross profit margin than the

, aluminum products which are coil and sheet and as the main product groups. Selling price has also decreased according to the raw material prices in the world market, together with higher competition when

same period in the previous year (YoY). The main difference came from the transfer of residential units between both years as the majority of the transfers will be made towards the second half of this

Million Baht increase from the same period last year by 1.67 Million Baht or 76.19% the main cause is due to expand product sales in the Modern Trade. 2. Dividend income 5.43 Million Baht from Aphakorn

decreased by 77.0% YoY to THB 526mn, predominantly due to the decrease in revenue from hotel operations resulted from the impact of COIVD-19, and lower gain from exchange rates. These were partly offset by an

ที่ บช NO. AC. 02/2020 14 May 2020 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development Plc

million or decrease by 56.07% , the main reasons are as follow : 1. Revenue from sale , Other income The company had revenue from sale for year 2017 of Baht 350.59 million, compare with previous year amount

30.27 4.68% 11.65 2.42% 18.62 159.85 Attributed to the stakeholders with non- controlling capability in subsidiary companies 14.72 2.28% 2.57 -0.53% 17.28 673.72 Service income from the company for the

-TRANSLATION- 25 February 2020 Subject : Management Discussion and Analysis for 2019 Attention : President The Stock Exchange of Thailand An overview of the results in the passing The performance in