Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in normalized share of profit from investments in power associates. Such impact from FX losses was only accounting implication and did not
associates increased by 24.8%, mainly from increase in revenue from sale of investment properties resulting from the asset monetization to Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in
investment properties resulting from the asset monetization to Hemaraj Leasehold Real Estate Investment Trust (HREIT) and increase in normalized share of profit from investments in power associates. Such
HIGHLIGHTS Total revenue increased by 81.8%, mainly from significantly increase in income from sale of real estate due to increase in land transfer this quarter, compared to the same period of pervious year
adjustment with PPA/1 60.2% 55.3% /1 Excluding accounting impact of Purchase Price Allocation (PPA) Income from sales of real estate during 2019 stood at THB 3,505.0 mm, which increased by 64.9%, compared to
last year. KEY HIGHLIGHTS • Total revenue increased by 12.6%, mainly from increase in income from sale of real estate and other income. • Share of profit from associates and joint ventures increased by
the same period of previous year. The main reason was due to the asset monetization to WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (WHART) and HREIT in the late 2017 and the
investment properties increased by 45%, compared to the same period of last year. Because, on 6 November 2015, the Company sold assets to WHA Business Complex Freehold and Leasehold Real Estate Investment
level. However, the genuine gross margin in the first quarter of 2020 was at 69.6% which increased from 54.4% in the same period of previous year, mainly due to higher occupancy rate. 2. Sale of
or 865.5 %, compared to the same period of the last year. KEY HIGHLIGHTS • Total revenue increased by 152.5%, mainly from increase in revenue from sale of real estate and increase in revenue from sale