million Baht. The increase in demand for products led to increase the sales and profit. The Company's profitability in the 1st quarter of 2020 increased from the same period of previous year, the return on
2018 of Baht 1,554.21 million (excluding fuel costs of Baht 6,539.55 million). The main reason was the increase in revenue from sale of Ratchaburi Electricity Generating Company Limited, a subsidiary, in
and cash equivalents due to from operational profits and increased from inventories due to increase in raw materials prices, resulted in increased in inventory. Liabilities As of March 31, 2022, the
assets showed Baht 1,154 million, an increase of Baht 35 million or 3.08% increased from year-end 2017. This was mainly due to the increase in inventory by Bath 79 million from Baht 467 million in year-end
, the Company's financing cost was 39.09 Million Baht, increased by 15.03 Million Baht, or up by 62.47% from the previous year. This was a result of higher number of Ready-to-move-in projects ready for
% decreased. This was due to an increase in Allowance for doubtful accounts of Baht 10.0 million in Q1/2018 whereas there was a reversal of such transaction of Baht 1.0 million in Q1/2019. The interest expenses
increased by 186.98 million Baht or 994.57% from the same period last year. This was due to a significant increase in revenue from property ownership transfer from many projects. The Company's net profit for
increase in the revenue from services. Management’s Discussion and Analysis S Hotels and Resorts Public Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 6 of 8
18.0 million from Baht 151.1 million in 2018 to be Baht 133.1 million, or 11.97% decreased. This was due to an increase in Allowance for doubtful accounts of Baht 21.8 million in 2018 whereas there was a
% increased resulting from the higher in inventory. The trade accounts payable as of Q2/2020 was Baht 168 million, an increase of Baht 32 million from Baht 136 million of ending 2019 or 23.68% increased. As a