production cost and selling expenses. (2) Analysis of Operating Results and Profitability (2.1) Revenues from Sales and Services Description Year 2017 Year 2016 Increase / (Decrease) Million Baht % of Total

million. Sales revenue from beverage business decrease by 0.4% while sales revenue from food business decreased by 0.8%. The proportion of beverage business sales revenue to food business sales revenue was

%) In overall, the Company and its subsidiaries had a net profit in Q1/2020 of 33.0 MB with decrease of 2.9 MB or 8.0 percent, when compared to Q1/2019 as following results:  Revenue Q1/2020, the Company

RTD fruit juice market was Baht 11,324 million, a decrease of 1% YoY. RTD fruit juice market value and growth is as shown in figure 2. ( Source: Nielsen) Figure 2: MAT December 2019 RTD Fruit Juice

the decrease in sales, which was affected by the trade war as well as the raising of competition in the mobile phone distribution market. 2. Revenue from debt collection and other services in the third

significantly. - Rental and service income amounted to Baht 487.21 million, a decrease of Baht 65.76 million or down by 11.89% as the Company has lowered the rent for some tenants in HomePro and Market Village

Baht 669.56 million due to market price was decreased from 1.07 THB/share in year 2018 to 0.69 THB/share in year 2019. 4. A decrease in investments in associated company and joint venture at amount of

the slowdown in domestic consumption. Moving Annual Total (MAT) June 2017 of domestic RTD fruit juice market was Baht 13,311 million, a decrease of 6% YoY following the slowdown in domestic consumption

2018 Q3 2019 Increase/ (Decrease) 9M 2018 9M 2019 Increase/ (Decrease) THB mm THB mm % THB mm THB mm % Total Revenue/1 1,756.9 2,244.3 27.7% 7,227.4 9,121.4 26.2% Total Cost 492.6 916.3 86.0% 2,880.8

Sales and Services Description Year 2017 Year 2016 Increase / (Decrease) Million Baht % of Total Revenue Million Baht % of Total Revenue Million Baht % Revenues from Sales 3,825.51 91.42 3,803.83 91.42