increase in real estate revenue recognition of 56.69 Million Baht or an increase by 15.94%. The revenue can be distinguished as follows: Comparison of six-month period operating income ended June 30th ,2017
services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations Catering / Pop-up 3 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee
as sales. Although the Company will has been better administration for cost of sales and control expenses than previous year, as a result to revenue recognition and gross profit was decrease. Net
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
locations • Revenue recognition of initial franchise fees, other fees and royalty fees from “After You” franchise in Hongkong and “Mikka” franchise store Catering, Events A N D P O P - U P Franchise F E E I N
or 245.2% compared to the previous year as revenue recognition began in the 4th quarter of 2018. Costs Cost of Goods and Services Costs of goods and services amounts to 500.1 Million Baht, decreased by
, because of lower gross profit margin from revenue recognition of reversal of deferred revenue as mentioned earlier, compared to the gross profit margin from sale of investment properties to HREIT in the
revenue from condominium sales of 797.40 Million Bath, which is decrease by 1,430.16 Million Bath or down by 64.20% due to the reduce number transfer of condominium ownership revenue recognition than the