decreased to 0.85% when compared to previous year. It gained from the sales of low cost merchandise which was in higher portion. Total cost of sales and administrative expense were 618.64 million baht, it

. However, cost of goods sales to revenue ratio decreased 50.43 % from previous year to 50.17 %. It came from the sales of low-cost merchandise which was in higher portion. Total cost of sales and

major shareholder of SRD, direct holding 27% and indirect holding 13% shares. Transaction type LHMH will enter into an agreement to be an advisor to re-merchandise and manage renovated sales area in

50.41%. It came from the sales of low-cost merchandise which was in higher portion. Total cost of sales and administrative expense were 140.40 million baht, it decreased from the same period of previous

sales promotion of audio and visual merchandise to meet customer demand during the FIFA World Cup 2018. Likewise, the Company rolled out activities to promote the sale of electrical appliances and cooling

, golf cart fees and food & beverages. For the property management business, revenue also improved. (2) In this quarter, the Company recorded total costs and expenses of THB 1,243.46 million, increase by

of the Company this quarter is still in line with plan, especially the Homepro business, which continues to increase its efficiency and improve merchandise management. This includes the conversion of

cart rent fee and food and beverage income. In addition to increase golf revenue, this will help to improve the Company’ s image and surrounding housing projects. The new club house already started

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were

targets to generate higher income from green fee, golf cart rent fee and food and beverage income. Currently, golf business generates a gross margin of 40%. In addition to increase golf revenue, this will