development operations which comprise of property sales and the sale of holiday club memberships decreased by Baht 97 million. The difference is largely attributed to the lower revenue recognition of holiday

of holiday club memberships decreased by Baht 246 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket and Laguna Residences which

comprise of property sales and the sale of holiday club memberships decreased by Baht 172 million. The difference is largely attributed to the revenue recognition of property sales projects namely Laguna

and the sale of holiday club memberships increased by Baht 255 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket, Laguna Residences

property sales and the sale of holiday club memberships decreased by Baht 200 million. The difference is largely attributed to the revenue recognition of two property sales projects namely Cassia Phuket and

club memberships decreased by Baht 379 million. The revenue recognition of the property sales projects (Dusit Villa, Banyan Tree Grand Residences, Banyan Tree Spa Pool Villas and Cassia Phuket) and the

from foreign exchange. On a QoQ basis, total revenues dropped 56% with a decrease in net profit of 62%, as there was a (non- recurring revenue) recognition of the 50-year lease upfront payment of a

of holiday club memberships increased by Baht 780 million. The revenue recognition of the property sales projects (Banyan Tree Deluxe Double Pool Villas, Banyan Tree Grand Residences, Cassia Phuket

and the sale of holiday club memberships increased by Baht 167 million. The difference is largely attributed to the revenue recognition of property sales projects namely Cassia Phuket which were higher

decrease compared to the 1st quarter of 2015 because the Company and its subsidiaries had the amount of loan recognition in year 2016 less than those of year 2015. 7. Income tax expenses K.C. Property Public