%. Another significant impact toward real estate business was the Bank of Thailand housing loan control measure (Loan-to-Value: LTV). The measure had direct effect on the consumers’ purchasing power. However
real estate developers. MK had several housing projects close to closing and prices were discounted to buyers. All of the factors that mentioned in the above caused MK’s gross profit margin in this
realize revenue in the following years. In 2017, MK improved some of the housing projects to stimulate sale; therefore, gross profit margin from sale of real estate was slightly decreased. However, the
were the first-time home buyers who had no housing loan obligations and were impacted less by the BoT measure, the strict measure caused a significant negative effect toward real estate industry. In
ที่ บช NO. AC. 03/2019 14 August 2019 Subject: Inform the operating performance for the second quarter of 2019 To: The President of the Stock Exchange of Thailand M.K. Real Estate Development Plc
align with business restructuring of MK Group. The objectives were to reduce the business risk and increase revenue from recurring business in the long-term. Real estate business of low- rise housing
decreased from the previous year. The Company improved some of its housing projects to stimulate sales. This Operating results : 3rd Quarter 2017 2016 Increase (Decrease) % Real Estate Revenue from sale of
follows: I. The operating revenue break down by business segment In the first quarter of 2018, the Company and its subsidiaries’ revenues from sales of real estate decreased while the property rentals
Leasehold Property Fund 12 12 - - Total 469 427 42 10 III. Cost of sales breakdown by business segment Second quarter (Unit: Million Baht) 2019 2018 Change Change (%) Cost of real estate sold 1,321 1,998 (677
estate: Sales of real estate for the year ended 2019 decreased by Baht 5,308 million or 36% decrease compared to the same period of 2018. This was due to a decrease in revenue from housing projects by Baht