inventory, the sales promotion expenses (excluding ownership transfer expenses) increase 26.76%. As a result, the net profit has decreased 5.34% from that of the same quarter of the previous year. In Q1/2018
sales expenses (excluding ownership transfer expenses) increase 46.18% as a result of the brokerage fee from the recognized income of 25.62 million THB of Lumpini Suite Petchaburi - Makkasan. Main income
transfer expense) increase 77.61%. Three projects were completed in Q3/2018, two of which were residential condominiums i.e. Lumpini Seaview Cha-am (Building A) and The Selected Kaset-Ngamwongwan by L.P.N
promotion expenses decreased by Baht 17 million. While the the transfer fee and specific business taxes increased by Baht 25 million which is in line with the increase in the transfer of residential
HIGHLIGHTS Total revenue increased by 81.8%, mainly from significantly increase in income from sale of real estate due to increase in land transfer this quarter, compared to the same period of pervious year
1,375 million Baht. The significant increase was mainly due to the ability to continually transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon totaling of 94 residences, and to recognize revenue
increase in expenses for transfer and Special Business Tax (SBT) in line with the increase of revenue from sales of real estate projects. For the full year 2018, SG&A was THB 883.1mn, an increase of 17.1
house and condominium units reached THB 1,698m, grew by THB 1,307m or 334% YoY. The increase generally stemmed from transfer ownership of condominium unit of the Esse Asoke and Banyan Tree Residences
margin was 60.2% which improved from 56.6% in 2017, mainly due to the lower cost of land transfer and the increase in selling price. Utilities & Power Business 2017 2018 Increase/(Decrease) THB mm THB mm
issuance and transfer of shares to increase the foreign shareholding ratio, at any time, to not exceeding 49 percent in aggregate of the total number of shares sold; the offering of the newly issued ordinary