oversea entities to ensure sustainable growth in the future. Besides, the company has a policy to maintain both gross and net profit margin of the real estate business to inline with the average of the past

change significantly as it put efforts to maintain and to sustain gross margin percentage for real estate development business. Therefore, gross margin of the Company for the past three years is quite

1.47 million baht or 28.26% due to the sluggish economy. 1.3) Revenue from selling of real estate increase 25.16 million baht or 100% due to the subsidiary company recognized revenue from selling of real

subsidiaries intend to engage in horizontal and vertical real estate development business as industrial and commercial real estate for sale and lease of short-term and long-term space. It also includes short and

THB 105.81 million or 2.01% from that as of 31 December 2018 due mainly to decrease in real estate project under development which accordance to the increase in revenue from sale of real estate. Total

from sale of real estate for the 6-month period ended 30 June 2018 and 2019 were THB 975.70 and 699.15 million consecutively. Revenue from sale of properties decreased by THB 276.55 million or 28.34% due

year due to the decrease in revenue from property development business in Patong, Phuket. In the fourth quarter of the past, the Company has invested in two property development businesses industrial

. which is held 51% by the Company starts to recognize revenue. 1.3) Revenue from Real Estate Development increase THB 80.79 million due to starting of revenue recognition of the subsidiary. 1.4) Revenue

ที่ บช NO. AC. 001/2018 28 February 2018 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M.K. Real Estate Development

Justification_E_4-62 NO. AC. 01/2020 28 February 2020 Subject: Clarification of changes in operating performance of more than 20% To: The President of the Stock Exchange of Thailand M. K. Real Estate