in the fourth quarter of 2017. PERFORMANCE BY BUSINESS Rental Properties Business 2016 2017 Increase/(Decrease) THB mm THB mm THB mm % Rental Revenue 1,688.7 1,148.3 (540.4) (32.0%) Gross Profit
BUSINESS Rental Properties Business Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Rental Revenue 255.9 275.9 20.0 7.8% Gross Profit 130.0 134.8 4.8 3.7% Gross Profit Margin 50.8% 48.8% GPM
%) Gross Profit 151.3 118.4 (32.9) (21.7%) Gross Profit Margin 55.4% 48.5% GPM before adjustment with PPA 57.0% 49.2% Revenue from Sale of Investment Properties 132.1 1,449.0 1,316.9 996.9% Gross Profit 20.5
profit. (1) Investment Properties are booked at cost and depreciated with the straight-line basis over the life of the assets. The estimated fair value is THB 180,409 mn as of December 31, 2017 (stated in
PPA/2 58.2% 64.2% 56.0% 56.7% Revenue from Sale of Investment Properties - 38.6 n.a. 1,449.0 2,139.2 47.6% Gross Profit - 3.1 n.a. 611.1 164.6 (73.1%) Gross Profit Margin n.a. 7.9% 42.2% 7.7% GPM before
related to properties in or outside the Kingdom including to accept donated properties; (2) borrow or lend money as well as make investment for profit; (3) determine the fees for filing registration
related to properties in or outside the Kingdom including to accept donated properties; (2) borrow or lend money as well as make investment for profit; (3) determine the fees for filing registration
. In the second quarter of 2019, there is no income from sales of investment properties, while the same period last year, the Company recorded profit before tax from sales of investment property in USA
gross profit margin improved to 61.4% and 57.0%, respectively, due to higher average selling price and better construction cost management. • Revenue from sale of investment properties increased by 45
reasons the company’s net profit (net loss) or net income increased more than 20% from last year. Dear Sirs : Karmarts Public Company Limited would like to submit financial statement for the year ended