inventory, the sales promotion expenses (excluding ownership transfer expenses) increase 26.76%. As a result, the net profit has decreased 5.34% from that of the same quarter of the previous year. In Q1/2018
assets which are part of the Company‟s business in production and selling of painting products including land and building, machinery and equipment and inventory, and shall gradually transfer intellectual
following reasons; - Sales increased by 649.52 million baht or 13.56 % from 4,790.47 million baht in 2018 to 5,439.99 million baht in 2019 due to the transfer of new 3 completed projects, Maestro19 Ratchada19
institutions has become very strict and loan rejection rate has been rising. In addition, the projects developed by the Company are large-scale, resulting in an increase inventory. The Company, therefore
transfer expenses) increase 25.06% as a result of the attempt to liquidate the inventory. Therefore, the net profit has decreased 1.30% from the same quarter of the previous year. There is one project
performance of the Company is deteriorating. The Company has been able to sell the products but the ownership transfer target cannot be achieved. The operational strategy has thus been adjusted and 2017 is
adjust its operation to accommodate such measures. The Company has assessed and prepared for the impacts of the measures by liquidating the inventory, regularly organizing marketing activities and planning
channel remains unclear as there are remaining inventory of completed houses ready for ownership transfer. According to such direction, it has been assessed that sales in the first half of 2020 will slow
of the 30 new auditors was approved and became new registered auditor. The inspections revealed six major issues: Revenue recognition Planning and risk assessment 0% 5% 10% 15% 20% Completion Inventory
amounted to Baht 4,883 million, decreased 9% from year 2017 and non-current assets amounted to Baht 25,586 million, decreased 5% from year 2017. Current assets mainly decreased from the decrease of inventory