“Year of Shift” of L.P.N. Development Public Co., Ltd. Our business strategy is to develop urban residential condominium with an affordable price targeting middle to lower-middle income earners. The
estate business and thus the Company has to revise its strategy and target group. The year 2017 marks “The Year of Shift”. First of all, the target customers of the Company have been changed from middle to
on middle to lower-middle income earners in order to gain cost advantage. The locations for project development are around Bangkok peripheral area and the average selling price per unit is maintained
main factors for the increase were (1) the increased in marketing expenses and (2) increased in spending on delivery services fee such as Food Panda. Administrative Expenses Administration costs
from THB 56.2 Mn in 2016 to THB 86.7 Mn in 2017, 2.6% and 3.4% of total revenue during the two years respectively. This was an increase of THB 30.5 Mn or 54.2%. The main factor for the increase was
subsidiaries by having the main substance is as follows. * * * the Company and its subsidiaries recorded account receivable from the voiding of contract with allowance for doubtful debts in the amount of 320 MB
property development services with the focus on the quality of life of the residents managed with “Vibrant Community” concept and develop a home for lower-middle to upper-middle income earners at the
quarter of 2019. Details were as follows: Total revenue was THB 640. 92 million, a decrease of THB 1,155. 76 million or -64. 33%. The main businesses of the Company and its subsidiaries were as follows
decreased from Baht 202.61 million in 2019 to Baht 188.64 million in 2020. Likewise, the export sales of Asia and Middle East decreased by 2.43 % or from Baht 928.87 million in 2019 to Baht 906.34 million in
increased in export sales in Asian and The Middle East zones by Baht 138 million or increased by 17%. In prior year, these zones are facing economic problems. However, in this year, the sales soared as the