1.27% due to 1. Current assets increased amount of 455.90 million Baht or 309.71% consisting of Cash and cash equivalents decreased amount of 6.15 million Baht or 32.52%. Trade and other receivables

statement of comprehensive income for year Baht 36.05 million. However, during the current year, the Company reviewed the revaluation of lands and recognised the increase of the difference directly to the

5,729.27 Million Baht as results of  Current Assets as amount of 2,639.01 Million Baht as 37.80 Million Baht decreased when compared to December 31, 2019 as amount of 2,676.81 Million Baht thus increased in

strong with low debt-to-equity ratio and high current ratio. P a g e | 3 - Management Discussion and Analysis 1Q2020 - 4,346 1,714 2,942 881 1,102 900 83% 17% 61% 39% 77% 23% 1Q2020 1Q2019 4Q2019 2,816

quarter ended March 31, 2019 decreased from THB 77.50 million to THB 35.03 million or decreased THB 42.47 million or 54.80% because of the current pandemic of COVID-19 virus and the announcement on

year was from 6.27 times to 5.52 times because the Company has current liability increasing from the same period of last year. Receivable Turnover changed little from the last year, from 1.10 times to

Hua-Hin during this current quarter Gross profit margin at 38.1% which increased by 3.8% compared with the same quarter of the previous year due to • The average selling price per square meter of unit

Million Baht from trade payables, accrued dividends, lease liabilities and current income tax payable At the end of March 31, 2020, the company had cash and cash equivalents balance amount 601.0 Million

). Changes in foreign currency exchange rates had a minor impact on the revenue recognition in Thai baht terms in the current quarter (Table 1). To minimize the impact of COVID-19 in the second quarter of 2020

following; Current assets of Baht 2,510 million increased by Baht 375 million, mainly from increase in insurance receivables from the claim related to the fire incident and slight increase in cash and cash