completed. On the other hand, there are many projects which has been signed and some projects are pending for contract signing which revenue will be recognized in the second quarter of 2020. The cause of
mainly to none of new project has been completed in the past 6 months. Therefore, most of the revenue came from the completed projects in early 2018 which was Chateau in Town Charansanitwong 96/2 and
subsidiaries’ service income was totally Baht 5.12 million, whereas Baht 22.16 million in 2017, decreasing Baht 17.04 million or 76.90 % decrease since the on hand projects were completed with no renewal of
demand growth for our products across all regions and volume impact of Glanzstoff and Durafiber acquisitions completed in 2017, contributing to 77% of the total increase in volumes. This increase in
process was completed in February 2018. The proceed was used for the debenture dues in Jan 2018 and partially repaid the short-term loans to financial institutions. In Q1 2017, the Company announced 2 new
Rights and Duty of Debenture Issuer and Debenture Holder, the Company is required to maintain the Net Debt to Equity ratio at the rate of not more than 2.5: 1 at the end of the quarter and year end period
(completed 3Q18), Kordana (completed 4Q18), Scholler (completed 4Q18) and UTT (completed 1Q19). The necessity portfolio was enhanced by acquisition of M&G Fibras Brasil (completed 1Q19). Overall production was
Avgol (completed 3Q18), Kordana (completed 4Q18), Scholler (completed 4Q18) and UTT (completed 1Q19). The necessity portfolio was enhanced by acquisition of M&G Fibras Brasil (completed 1Q19). Overall
from the development in the business for sale, especially condominium projects, which the Company had completed construction since the Q3/2019 of last year. In Q4/2019, the Company delivered the