performance of the Company is deteriorating. The Company has been able to sell the products but the ownership transfer target cannot be achieved. The operational strategy has thus been adjusted and 2017 is
expenses on ownership transfer) and expenses on management to be 43.17% and 7.43% lower than those of the same quarter of the previous year respectively. Statement of financial position as of 30 September
recognized this year. The gross profit was thus less than 30% but the Company was able to control the expenses from sale (excluding ownership transfer expenses) as well as management expenses to be 37.54% and
will be handed over and the ownership will be transferred in the latter half of 2018. As for single home projects, the Company has bought a piece of land and started developing “BAAN 365 RAMA III”, a
inventory, the sales promotion expenses (excluding ownership transfer expenses) increase 26.76%. As a result, the net profit has decreased 5.34% from that of the same quarter of the previous year. In Q1/2018
industry. The impacts on the Company are worse than others because the majority of income and sales volume of the Company during the first 9 months derive from sales and ownership transfer of ready-to-move
million), payable in advance by the sub-lessee to the sub- lessor on a yearly basis. Ownership of Buildings Any buildings constructed by the sub-lessee on the sub-leased land, or any modifications or
increased by Baht 604 million, or 14% increase compared with the same period in the precedent year, mainly due to the revenue derived from transferring (2/6) ownership of condominium units increased by Baht
%. The income from rental and service fee and management fee increases 37.58% and 20.52% respectively. Moreover, in order to sell ready-to-move-in projects, the sales promotion costs (excluding ownership
% respectively. The expenses in sales (excluding ownership transfer expenses) increased 355.17% from the brokerage fee of Lumpini Suite Petchaburi - Makkasan project, the income of which was recognized in Q1/2019