income in the first quarter of 2018 decreased by 4.13% from last year due to the Company rent hotel from the Real Estate Investment Trust while the same period last year the hotel was the Company’s assets
or 14.80 percent. Expenses Cost of Sales The Company and its subsidiaries' cost of real estate was in the amount of Baht 261.31 million, decreased by Baht 26.48 million or 11.28 percent, compared to
shares through Lombard Estate Holdings Limited, the Company’s subsidiary in which the Company directly holds 100% of shares) has subscribed newly issued shares of 46,800 shares or equivalent to 30 percent
indirectly holds 100 percent of shares via Lombard Estate Holdings Limited, which is a subsidiary in which the Company holds 100 percent of its total registered capital) has acquired 2,350,000 ordinary shares
ทัง้นี ้ บริษัทฯ ถือหุ้ นทางอ้อมใน VI ในสัดส่วนร้อยละ 100 ผ่าน Lombard Estate Holdings Limited ซึ่งเป็นบริษัทย่อยท่ี บริษัทฯ ถือหุ้ นในสัดส่วนร้อยละ 100 ของหุ้ นท่ีออกและ จ าหน่ายแล้วทัง้หมด โครงสร้าง
holds 100 percent of shares via Lombard Estate Holdings Limited, which is a subsidiary in which the Company holds 100 percent of its total registered capital) has acquired 100 ordinary shares or
indirectly holds 100 percent of shares via Lombard Estate Holdings Limited, which is a subsidiary in which the Company holds 100 percent of its total registered capital) has acquired 100 ordinary shares or
shipments, in addition revenue from real estate business also decreased in line with market conditions and impact from Covid 19. However the company was able to optimize its cost and hence cost of sales and
Page 1 of 7 Management Discussion and Analysis 2018 Executive Summary The operating result of 2018, Singha Estate Public Company Limited (“the Company” or “Singha Estate”) reached total revenue of
and environmental responsibility as well as sustainable development. As a consequence of global economic situation and economic downturn in the country, the real estate sector has continuously been