revenues from property development operations increased by 123 THB mm or representing an increased rate of 106.6% due to • Veranda Residence Hua-Hin started ownership transferred in the 1 st quarter of 2020
Residence Hua Hin project have been increased in accordance with the progress of construction. As of 30 June 2019 , the group had total liabilities of 3 ,143.70 THB mm, decreased from 31 December 2018 to
increased rate of 29%, mainly due • The increase in revenue from property development operations 363 THB mm or representing an increased rate of 405% from 42 units transferred of Veranda Residence Hua Hin
) Quality Houses Leasehold Property Fund 45 41 4 10 Quality House Hotel and Residence Freehold and Leasehold Property Fund 18 16 2 13 Total 417 390 27 7 Note : *In July 2017, LH Financial Group Plc. increased
2018 Change Change (%) Home Product Center Plc. 304 261 43 16 LH Financial Group Plc. 104 111 (7) (6) Quality Houses Leasehold Property Fund 49 43 6 14 Quality House Hotel and Residence Freehold and
Property Fund 192 174 18 10 Quality House Hotel and Residence Freehold and Leasehold Property Fund 61 60 1 2 Total 1,927 1,776 151 9 III Cost of sales breakdown by business segment (Unit: Million Baht) 2019
Change Change (%) Home Product Center Plc. 247 282 (35) (12) LH Financial Group Plc. 132 111 21 19 Quality Houses Leasehold Property Fund 41 46 (5) (11) Quality House Hotel and Residence Freehold and
the same period of last year, but revenue from the property rental business increased from the same period of last year. Details are as follows: (Unit: Million Baht) Third quarter 9-month period 2019
respectively, increasing by Baht 12 million or 1% increase compared to the same period of 2019. Details are as follows: 1) Revenue from sales of real estate in the second quarter of 2020 increased by Baht 241
holiday club memberships increased by Baht 863 million. The revenue recognition of the property sales projects, as a result of Banyan Tree Villas and Cassia Residence Phuket, was higher when compared to the