and sales of construction materials dropped, gross profit margin rose from 7.73% to 7.97%, resulting in slight decline of gross profit. Besides, in Q1 2017, the Company had gain on sales of investment

institutions to auction out more of their NPLs and NPAs while the competition from small to medium players in AMC industry would rise slightly higher as they have better access to sources of funds. Nonetheless

/DB) was as well widened, affecting crude cost to adjust upwards. From the rise in average crude oil price during this quarter there was an inventory gain of THB 450 million, and a gain from oil hedging

mainly from ready to move-in projects while there were 3 low-rise projects, Maestro 03 Ratchada-Rama9, Maestro 14 Siam-Ratchathevi and Maestro 01 Sathorn-Yenakat, completed and started transfer in Q2/2018

Low-rise projects, Maestro03 Ratchada-Rama9, Maestro14 Siam-Ratchathewi and Maestro01 Sathorn-Yenakat. Morerover, there were continuous transfer in existing completed projects mainly from M Jatujak and

(16.38) (15.75) Cost of sales of goods 81.76 78.62 68.69 78.40 (13.07) (15.99) Gross profit 22.23 21.38 18.92 21.60 (3.31) (14.89) Other income 1.32 1.27 1.07 1.22 (0.25) (18.93) Gain on exchange rate

0.43 27.56 Gain on exchange rate 0.61 0.97 0.00 (0.61) (100.00) Profit before expenses, finance cost and taxes 19.72 31.27 17.00 27.70 (2.72) (13.79) Distribution costs 1.18 1.87 1.43 2.33 0.25 21.19

house and condominium unit attributed to the rise in total revenue. 3Q19 Net profit at THB 222m, or 38% decline YoY, primarily due to gain from exchange rate at THB 312m realized in 3Q18. The ESSE at

operating performance of such property incur. Thanks to the rise in operating performance of investment properties owned by the Company, gain from fair value adjustment at THB 794m from Suntowers and THB 406m

FY2016 FY2017 % YoY(Unit: Bt.mn) 4Q16 3Q17 Note: 1 includes gain (loss) from foreign exchange rate, professional fees in relation to M&A activity, sales & marketing expenses for the launch of new