accounting policy and reclassification 1 Backlog include only sold units with sales and purchase agreements Management Discussion & Analysis ( - translation - ) For operating result of 4Q/2019, ended 31
contracts not yet recognized as income(Backlog) in MARQUE Sukhumvit which were expected to be totally recognized within Q2/2018. - Finance cost in 2017 amounted 403.08 million baht increased by 27.08 million
. This was due to the improved performances of Banyan Tree Bangkok and Laguna Phuket hotels when compared to the same period last year. Revenue from property development operations which comprise of
effect in 2017 that represented a reduction of about 2% on average and a fire incident on June 18 that caused a backlog of order valued more than USD 2 million by the quarter end. However, consignment
have managed to drive productivity and delivered our services with better efficiency in the use of resources. Gross Profit As a combined result of improved revenue and reduced cost of services, we booked
was negatively impacted by unrealized consignment sales of Bt94 million (Table 3) and a backlog of orders of about Bt115 million at the end of the quarter. In addition, new prices that took effect in
at THB 3,138, 72.6% and THB 2,277, respectively. Overall RevPAR increased by THB 76 YoY, from THB 2,201 as a result of the improved overall performance of both Thai and European hotels. Overall
number of backlog of 654 rais as of ended 2018. Such impact from FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. • Share of profit from
by 6.2% Q-o-Q but declined by 10.2% Y-o-Y. The Q-o-Q sales growth was due mainly to an increase in production. In addition, there was a backlog of orders at the end of the quarter, and some shipments