million baht, or an increase of 24.3%, mainly because in 2023, some employees from the service department, previously represented in the cost of sales and services, have been separated to take care of the

2) Car Dealerships Business; Higher sales in the dealership business in Malaysia was offset by lower sales of Thailand Dealership. Slower car sales in Thailand in 2023 was attributable mainly to

lower production volume of automotive parts manufacturing business, mainly from Thailand operation. Selling and administrative expenses increased by 4.4% from Baht 440.4 million in Q1 2023 to Baht 459.9

178.2 million Baht. Moreover, there were other revenues, mainly from promotion support, amount of 17.2 million Baht. Cost of Rental and Services The Company‘s rental and services costs for the first

, Revenue from Hotel Business was THB 1,298 million, an increase of 1.6% yoy, mainly from continuing growth in owned hotel in overseas even adverse impact from FX translation and revenue from Elite Havens as

-current assets as of December 31, 2018. The significant change was mainly from the increased in land and structures held for future development 71.5 million baht, the investment property 51.5 million baht

amounting to 1,128 MTHB, decreasing from 1,374 MTHB of the year 2018 which mainly due to decline of main raw materials’ price. 4. At the end of 2019, the Company and its subsidiary had net property, plant and

were 15.2% and 21.3% respectively. The increase arise mainly from the advisory fees which were mostly one-off expenses regards to becoming a listed company in the Stock Exchange of Thailand. Moreover

by more efficient management of pharmaceutical supplies. Administrative Expenses During 9M17, administrative expenses increased by 14% yoy due mainly to the increase of headcounts and salary rate in

. However, the increase in costs is mainly due to investments to build the foundation for future business growth, while some investments cannot generate revenue immediately, and some investments are not fully