uncertainty of US economic policy. But, the global economy trend as continued to improve. Thai economy is growing as slowly which the tourism and exports were driving force in past time. Including, the income

, (ii) management income of THB 43mn from property management and administration service rendered and (iii) other (sundry) income of THB 122mn. HOSPITALITY SEGMENT HOTEL PORTFOLIO AND PERFORMANCE SNAPSHOT

economic policy. But, the global economy trend as continued to improve. Thai economy is growing as slowly which the tourism and exports were driving force in past time. Including, the income and unemployment

8.30 percent to 17.88 percent. The increased gross profit rate from trading business of telecommunication towers , which resulted in economies of scale lead to lower costs. 3. Sales and administration

administration costs: Sales and administration costs of the 3rd quaternary for the year 2017 was MTHB 87.79 increased MTHB 3.34 or 3.95 percent comparing to the one of the amount MTHB 84.45 for the 3rd quaternary

additional investment to upgrade office building’s facilities. - Administration expenses increased due to additional headcount required for the succession plan. Extraordinary items included 15.2 million baht

- - - - -33.64 -100.00 Profit before Selling and Administration expenses 60.37 47.40 33.87 -13.53 -28.54 -26.50 -43.90 Selling expense 9.18 8.54 11.26 2.72 31.85 2.08 22.66 Administration expense 34.78 30.99 25.73

purchase 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Profit before Selling and Administration expenses 48.29 33.87 39.31 5.44 16.06 -8.98 -18.59 Selling expense 11.70 11.26 11.33 0.07 0.62 -0.37 -3.13 Administration

intensified and currency exchange fluctuated. Loss on exchange rate amounted to 4.9 mil. baht. Selling and administration expenses were about the same as last year. - Profit for the period fell 34% from 48.9

administration expenses as to some expenses prepared for investment in other companies. Please be informed. Yours Sincerely, Panya Boonyapiwat Chairman