amounted to Baht 3,123 million, slightly rose from the same period last year but gross margin was down to 25.4%, from 27.2% in the same period last year. This was partly due to the adjustment of inventory
last year. The increase was predominantly due to the consolidation of the acquired hotel business in Europe. 2) Revenue from the office for rent business of THB 43.4mn, which fell by THB 10.0mn or 18.7
% compared to the same period of time in 2018. This was due to the higher adjustment of appraisal value of NPAs in which has been offset by an increase in Tax and Duties from higher Accrued income from auction
rental and services which mainly derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project phase 1 officially opening on 1 September 2019. Moreover
the income adjustment as mentioned above. For 1H18, gross margin was 31% higher than 28% gross margin of 1H17. This margin improvement was contributed by the increase of social security payment rate and
resilient cash flow and profitability. Significant Event in 1Q20 1. On 16 February 2020, AIS won spectra for 5G development including; No. Spectrum Range Bandwidth Price (Bt mn) Acquired date 1. 700MHz 733MHz
resilient cash flow and profitability. Significant Event in 1Q20 1. On 16 February 2020, AIS won spectra for 5G development including; No. Spectrum Range Bandwidth Price (Bt mn) Acquired date 1. 700MHz 733MHz
properties for sale and adjustment of Baht 2,148. 6 million, Baht 1,897.4 million, Baht 2,873.0 million, Baht 2,073.0 million and Baht 1,611.5 million, respectively; and less ( ii) any reversals from
derived from sales of Biomass Power Plant which increased by Baht 95.6 million or 14.2% from increase in revenue from the new biomass power plants which the Group acquired in the third quarter of 2020. In
due to the effect of an annual selling price adjustment, a change in foreign currency exchange rate and an increase in the cost of goods sold resulting from a continuously high cost of raw materials