was mainly due to (1) reversal of provisioning for decommissioning costs and (2) higher membership revenue. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250

and (2) higher membership revenue. Cost of Sales and Services For the 9 months ending 30 September 2017 and 2018, the cost of sales and service increased from THB 1,368.5 Mn to THB 1,659.9 Mn

have been Baht 1,235 million which was higher than Q3/2018 total sales of Baht 1,204 million, a growth of 3% YoY.  In 9M/2019 ending 30 September 2019, the Company and its subsidiaries recorded total

ended 31st December 2019, Laguna Resorts & Hotels Public Company Limited recorded a net profit of Baht 364 million which was Baht 276 million higher when compared to the year before. Total revenue for the

operations increased by Baht 48 million which is in line with the higher hotel revenue.  Cost of property development operations decreased by Baht 99 million as lower property sales were recognized during the

million, improved by THB 224 million or 13.43% up from 2Q2016 mainly from higher export sales volume which increased by 29.31% The consolidated gross profit was THB 679 million, noticeably improved by THB

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

subsidiary. As at 30 September 2018, the Company had consolidated liabilities increased from last year by Baht 244.73 million mainly from trade payables and short-term loans to support higher in working

equivalent to 14.64 percent representing an increase of 108.32 THB mn or equivalent to 96.48 percent. The gross profit increased due to the higher WELL GRADED ENGINEERING PLC. บริษัท เวล เกรด เอ็นจิเนียริง่ จ

/ Impact from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 which caused higher depreciation and interest expenses (net after tax). Operating Highlights Q1/2019