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
acquired business according to the accounting standards under WHA level. Therefore, the genuine gross margin in 2018 was 51.4%. Industrial Development Business 2017 2018 Increase/(Decrease) THB mm THB mm THB
. However, the genuine gross margin in the second quarter of 2017 was at 60.6% for the warehouse rental and service business which decreased from 68.8% last year, mainly due to change in product mix between
, the genuine gross margin in the third quarter of 2017 was at 57.6% for the warehouse rental and service business which decreased from 69.7% last year, mainly due to change in product mix between Built
. • Revenue from industrial land sale was THB 3,505.0 mm which increased by 64.9%, compared to the same period of last year, mainly from higher number of land transfer. • Utilities income was THB 2,258.7 mm
. However, the genuine gross margin in the first 9 months of 2018 was at 57.3%. Industrial Development Business Q3 2017 Q3 2018 Increase/(Decrease) 9M 2017 9M 2018 Increase/(Decrease) THB mm THB mm THB mm
by THB 368.3 mm or 12.7%, compared to the same period of last year. KEY HIGHLIGHTS The growth of gross profit was 87.0% y-o-y mainly attributable to the higher revenue from industrial land sale and
. However, the genuine gross margin in the first quarter of 2018 was at 57.3 %. Industrial Development Business Q1 2017 Q1 2018 Increase/(Decrease) THB mm THB mm THB mm % Revenue - 416.2 416.2 n.a. Gross
year, mainly from increase in revenue from industrial land sale. However, if only considering normalized total revenue increased by 47.7% or THB 721.3 mm. • Revenue from industrial land sale increased by
standards under WHA level. However, the genuine gross margin in the first quarter of 2019 was at 49.0% for the warehouse rental and service business which decreased from 51.5% in the same period of previous