% growth from that of Baht 454.20 million as at December 31, 2017, mainly attributable to increases by Baht 750.71 million in cash and cash equivalents following the initial public offering of new shares

or 105.28%. Sale of low-rise residential units was THB 673.29 million, an increase of THB 167.71 million or 33.2% when comparing to the same period of last year which was 2018 2017 Increase (Decrease

of 1.4% Q-o-Q, but a reduction of approximately 2.7% Y-o-Y, while sales revenue in USD terms grew by 5.3% Q-o-Q and 7.7% Y-o-Y. The slight Sales growth in Baht terms was due to the THB's strengthening

1Q17. The sales growth Y-o-Y was adversely impacted by 1) the THB's strengthening against the USD and EUR in the period, with the effect being about 2.7% on sales and 2) new selling prices that took

-o-Q by 1.7% from 2Q17. The sales growth Y-o-Y was adversely impacted by 1) the THB's strengthening against the USD in the period, with the effect being about 3.0% on sales and 2) new selling prices

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

existing Company’s customer base as well as new customers, which resulted in additional revenue for the group. The increases in revenue from the Company and subsidiaries, HP and HENG, are accounted for 70

positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Franchise fees income increased from THB 15.1 Mn in 2016 to THB 56.5 Mn in 2017, an increase of THB

) positive same-store-sales growth during 2017, (2) opening new branches and (3) increased sales of raw material to franchisees. Franchise fees income increased from THB 15.1 Mn in 2016 to THB 56.5 Mn in 2017