News Detail

Date/Time
13 Nov 2018 17:27:00
Headline
Management Discussion and Analysis Quarter 3 Ending 30 Sep 2018
Symbol
AQ
Source
AQ
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                Management Discussion and Analysis

Company name                             : AQ ESTATE PUBLIC COMPANY LIMITED
Year                                     : 2018
Quarter                                  : Quarter 3
Ending                                   : 30-Sep-2018
Note                                     :
-Translation-
SET.038/2018
13 November 2018
Subject:    Clarification of Q3/2018 operation result
To:        President
        The Stock Exchange of Thailand
Cc:        Secretary of the Securities and Exchange Commission

From, the resolution of the Board of Directors' Meeting of AQ Estate Public 
Company Limited, no. 12/2018 on 13 November 2018 at 4 p.m., the Board of
Directors considered and would like to disclose the board resolution to the
Securities and Exchange Commission and the Stock Exchange of Thailand regarding
the financial statement of Q3/2018 ending 30 September 2018 which was reviewed
by the auditor.

AQ Estate Plc. would like to disclose the Q3/2018 operation result that has the 
net loss of THB 21.09 million compared to that of the same period in 2017 which
had the net loss of THB 62.69 million. The net loss is decreased from that of
the same period in 2017 for THB 41.60 million or the change of more than 20% as
a result of:

                                                                  Unit : THB 
Million            
   Q3/2018    Q3/2017    (Increase)/Decrease    %(Increase)/Decrease
Revenue from sale of goods and
rendering of services    124.62    245.98    121.36    49.34
Cost of sale of goods and
rendering of services    107.57    207.64    100.07    48.19
Gross profit     17.06    38.34    21.28    55.50
Other revenue    38.70    53.25    14.55    27.32
Selling and administrative expenses75.63    153.47    77.84    50.72
Net profit(loss)    (21.09)    (62.69)    (41.60)    66.36

1.    Revenue from sale of goods and rendering of services of the Company and its 
subsidiaries in Q3/2018 is THB 124.62 million and when compared to that of the
same period in 2017 of THB 245.95 million, it is a decrease of THB 121.36
million or 49.34%. It is the result that the revenue from sale of real estate in
Q3/2018 is THB 92.90 million and that of the same period in 2017 is THB 220.06
million, a decrease of THB 127.16 million or 57.78% resulting mainly from the
decrease of sale of condominiums and single detached houses.
2.    Other revenue of the Company and its subsidiaries in Q3/2018 is THB 38.70 
million, a decrease of THB 14.55 million from that of the same period in 2017.
It is as a result of the reverse of provision of liabilities in the amount of
THB 19.46 million in 2017.
3.    Cost of sale of goods and rendering of services in Q3/2018 is THB 107.57 
million and when compared to that of the same period in 2017 of THB 207.64
million, it is a decrease of THB 100.07 million or 48.19%. It is as a result
that the Company and its subsidiaries have less transfer of ownership in 2018
than that in 2017.
4.    Gross profit of the Company and its subsidiaries in Q3/2018 is THB 17.06 
million and when compared with that of the same period in 2017 of THB 38.34
million, it is a decrease of THB 21.28 million. It is as a result of the
decrease from sale of real estate in Q3/2018 of THB 127.16 million resulting in
the decrease of gross profit.
5.    The selling and administrative expenses in Q3/2018 is THB 75.63 million and 
is THB 153.47 million for the same period in 2017, a decrease of THB 77.84
million or 50.72%.
From the reasons mentioned above, the Company and its subsidiaries have the net 
loss for Q3/2018 of THB 21.09 million.
Please be informed and disseminate the information accordingly.

Yours Sincerely,
(Mr. Suthad Chankingthong)    (Ms.Ranchana Rajatanavin)
Director                        Director
This announcement was prepared and disseminated by listed company or issuer 
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