23.36 percent compared to the same period in last year. The progress of receiving debt repayment from Media Agency Thai Co., Ltd. All indebtedness and liabilities of Media Agency Thai Co., Ltd. (“MAT
and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Successful commercial
by SREIT, the Company’s wholly owned subsidiary and REIT manager of SPRIME. Net proceed was recorded as unearned revenue in the Company’s consolidated financial statement and would be recognized as
projects retention deduction when the Group delivered work in each progress during period. The rate of retention is accordance with construction service agreement with customers. o Withholding tax deducted
process was completed in February 2018. The proceed was used for the debenture dues in Jan 2018 and partially repaid the short-term loans to financial institutions. In Q1 2017, the Company announced 2 new
process was completed in February 2018. The proceed was used for the debenture dues in Jan 2018 and partially repaid the short-term loans to financial institutions. In Q1 2017, the Company announced 2 new
the delay in ownership transfer in a certain number of our customers and lockdown policy implemented in various countries causing difficulty for real estate foreign buyers to proceed the ownership
over the next few months as we progress into more advanced stages of our projects. We continue to see good pipeline in domestic demand in Thailand for both HR and ERP projects. Other Income Other income
previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded since 2018
Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 MOU signing with