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derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project officially opening on 1 September 2019. 9M19 Net profit at THB 702m, or 33% decline YoY
rental and services which mainly derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project phase 1 officially opening on 1 September 2019. Moreover
decrease in gross profit margin was due to the depreciation of the U.S. dollar currency and an increase of the fixed cost per unit of products produced at Laem Chabang factory while the production decreased
business generated THB 974m in 1Q19 or 156% increased from 1Q18. The acquisition of 6 Outrigger hotels on 12 June 2018 was a primarily result of the impressive growth rate. Nevertheless, the Company adopts
keys covering 5 countries – Thai, Maldives, Mauritius, Fiji, and United Kingdom. Hospitality business generated THB 779m in 2Q19 or 132% increased from 2Q18. The acquisition of 6 Outrigger hotels on 12
, and United Kingdom. Hospitality business generated THB 1,144m in 1Q2020 or 17% increased from 1Q2019. The significant increase in revenue from Hospitality business mainly derived from revenue generated
holding health and safety of guests and employees as top priority and ensuring financial feasibility. In order to boost reservation value and revenue generated from the reopened hotels, SHR was pleased to