26.1%. • Normalized Rental Revenue increased by 26.9% to THB 285.9 mm, mainly due to increase in lettable area for both logistics and industrial properties. • Revenue from industrial land sale was THB
period of previous year, and increased by 6.0% to THB 303.1 mm, compared to the first quarter of 2020, which was mainly due to increase in lettable area for both logistics and industrial properties
establish this new subsidiary to be a holding company of other subsidiaries of the Company which owned properties in Europe. The details are as follows: Name: Vienna House Real Estate GmbH Registered Office
which increased 197 .0 % from year ended 2019. Most of this is temporary differences relating to past differences in interest income for accounting and tax, along with the revaluation on properties for
Grand opening of Phuket and Don Mueang branches The company officially opened the Phuket branch office on January 20, 2020. This branch office is responsible for managing the real estates and customers in
estates and customers in Phuket along with the nearby provinces, such as Krabi and Phang-nga. The company officially opened the Don Mueang branch office on 27 January 2020, for the convenience of the
lower coupon rate, and partial utilization of short-term instruments from financial institutions. PERFORMANCE BY BUSINESS Rental Properties Business 2017 2018 Increase/(Decrease) THB mm THB mm THB mm
quarter of 2017, amounting to THB 4,185 mm, which carried higher interest rate. PERFORMANCE BY BUSINESS Rental Properties Business Q3 2016 Q3 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 464.3
in the fourth quarter of 2017. PERFORMANCE BY BUSINESS Rental Properties Business 2016 2017 Increase/(Decrease) THB mm THB mm THB mm % Rental Revenue 1,688.7 1,148.3 (540.4) (32.0%) Gross Profit
, normalized total revenue and share of profit from investments in associates increased by 12.0%, mainly from increase in revenue from sale of investment properties resulting from the asset monetization to