institutions has become very strict and loan rejection rate has been rising. In addition, the projects developed by the Company are large-scale, resulting in an increase inventory. The Company, therefore

economies of scale when the revenue from sales of condominium units decreased. Selling and Administrative Expenses (SG&A) SG&A in 1Q18was THB 206.8mn, increased THB 18.5mn or 9.8% YoY from THB 188.2mn in 1Q17

increase of 463.3 MB and 700.2 MB or increase of 36.6% and 68.0%, respectively. This is because the Company had delivered many large-scale projects which had just been auctioned in early 2019. Those large

มีความรุนแรง (Liquidity Coverage Ratio: LCR) (ร้อยละ) 164 แหล่งเงินท่ีมีความมัน่คงต่อความตอ้งการแหล่งเงินท่ีมีความมัน่คง (Net Stable Funding Ratio: NSFR) (ร้อยละ) 136 เงินกองทุนชั้นท่ี 1 (Tier 1 ratio

มีความรุนแรง (Liquidity Coverage Ratio: LCR) (ร้อยละ) 182 แหล่งเงินท่ีมีความมัน่คงต่อความตอ้งการแหล่งเงินท่ีมีความมัน่คง (Net Stable Funding Ratio: NSFR) (ร้อยละ) 144 เงินกองทุนชั้นท่ี 1 (Tier 1 ratio

-use development projects, as many of GLAND’s assets are located in high-potential locations capable of large-scale project development, thus increases the competitiveness in the industry and create

-use development projects, as many of GLAND’s assets are located in high-potential locations capable of large-scale project development, thus increases the competitiveness in the industry and create

of GLAND’s assets are located in high-potential locations capable of large-scale project development, thus increases the competitiveness in the industry and create sustainable return to shareholders in

cost reduction initiatives. Although, some variable cost returned after re-opening such as utilities, outsource services upon scale of business operations. Nonetheless, unnecessary expenses at

cost reduction initiatives. Although, some variable cost returned after re-opening such as utilities, outsource services upon scale of business operations. Nonetheless, unnecessary expenses at