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

service came from leased spaces of warehouse/factory in Bangkok Free Trade Zone Project (by Prospect Development Co., Ltd.) increased significantly. Prospect’s revenue increased from THB 17 million per

inventory increased 2.11594 billion THB or 12.50% i.e. from 16.92807 billion THB to 19.04401 billion THB as a result of: 2.1 The development of 1 single house project i.e. Lumpini Town Place Sukhumvit

, the Company had services income from advertising of THB 0.16 million, increased by THB 0.10 million or +179.54% YoY, as clients in property development sector increased their media spending. In addition

, Prospect could seek funding to construct more warehouse/ factory for lease. Prospect’ s development was increased from 21.50% of total land area to 43.35%. Currently, Prospect has 114,775 sq.m. of total

the projects under development has increased 3,667.99 million THB or 55.20% i.e. from 6,645.33 million THB to 10,313.32 million THB. The Company purchases plots of land in 2017 for the development of

million or +108.12% YoY as clients in property development sector increased their media spending. In addition, gross loss was THB 1.85 million as high proportion of the costs was employee-related costs

higher than the average price from the Department of Internal Trade, Ministry of Commerce, resulting in gross profit in 2019 increased from 2018. Consulting and property development business The Company

financial statements Baht 470.09 million Baht (22.01) million 3. Management Discussion and Analysis 3.1 Sales and service income from property development in 2018 has increased by Baht 254.98 million or 44.46

expenses. But if considering only research and development expenses, those expenses increased 12.1% from the same period last year caused by some additional headcounts of R&D personnel in Germany and India