over the prior year as a result of the decrease in occupancy of Laguna Phuket hotels and Banyan Tree Bangkok. Revenue from property development operations which comprise of property sales and the sale
holiday club memberships increased by Baht 863 million. The revenue recognition of the property sales projects, as a result of Banyan Tree Villas and Cassia Residence Phuket, was higher when compared to the
, compared with the same period of 2018, with a net loss of 30.84 million baht, representing an increase of 52.76 million baht or 171.08 percent, consisting of net profit of palm oil trading business 20.43
properties in 2018 and 2019. According to accounting standard, the company obliges to measure investment property at fair value representing current rental income and remeasure once any events impacting
”) would like to inform the Stock Exchange of Thailand ("SET") that Banyan Tree Gallery (Singapore) Pte Ltd. (“BTGS”), a 51 percent subsidiary holding by the Company, has sold its entire investment in
in service stations to assist in alleviating pollution and at the same assisting oil palm tree farmers. 4. As for the Non-oil business, under the supervision of the Bangchak Retail Co., Ltd., it is
by Baht 59 million over the prior year as a result of the decrease in occupancy and room rates of Laguna Phuket hotels and Banyan Tree Bangkok. Revenue from property development operations which
the same period of 2018, with a net loss of 2.788 million baht, representing an increase in net profit of 4.110 million baht or 147.42 percent, consisting of net profit of palm oil trading business 1.76
| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record
) Million Baht % Million Baht % Million Baht % Revenues from main business Faucets business** 378.5 17.3 308.1 50.2 70.4 22.8 Palm oil trading business 1,804.3 82.3 303.3 49.4 1,501.0 494.9 Consulting and