Sales and Service 2,425.0 97.7 2,852.6 97.6 Franchise Fee Income 56.5 2.3 69.6 2.4 Revenue from Main Businesses 2,481.5 100.0 2,922.1 100.0 Cost of Sales and Service 1,878.7 75.7 2,218.5 75.9 Gross Profit

from Main Businesses 710.6 100.0% 724.1 100.0% Costs of foods and beverages 253.0 35.6% 263.5 36.7% Other operating expenses 287.1 40.4% 294.1 40.6% Costs of Sales and Service 540.1 76.0% 557.6 77.0

1 Ref: AC.024/2019 3 August 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.021/2018 14 August 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

1 Ref: AC.028/2018 13 November 2018 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

period of last year was caused by the following reasons: (1) Total revenues were THB 687.01 million, an increase of THB 11.82 million or 1.75% derived from the main business of the Company and its

in 2017. Also, FDM Technology, another subsidiary with its main customers in the automotive industry also had similar growth. For the Company, the investment in a new factory building in response to

buy souvenirs, even though the overall number of Chinese tourists continued to decline by 2 percent compared to the same period last year. International sales: Revenue from sales in the first quarter

Granary Public Company Limited and its subsidiaries For the Three-month period and Three-month period ended 31st March 2019 1. Overall performance Consolidated financial results of Patum Rice Mill and

industry in Thailand, resulting in high growth in sales for FDM Technology Co., Ltd, a subsidiary with its main customers in the automotive industry, with a revenue growth of 17.77% in the three-month period