expenses (34.35) (36.96) (2.60) 7.58% Other expenses (2.74) (5.15) (2.40) 87.50% Profit from operating activities 53.11 36.14 (16.96) -31.94% Share of profit of investment in associates 0.71 (1.07) (1.78

% Administrative expenses (9.11) (8.85) 0.26 -2.81% Other expenses (1.15) (0.94) 0.22 -18.70% Profit from operations 2.62 12.78 10.16 387.57% Share of loss of investments in associates (0.17) (5.03) (4.85) 2774.46

market share by +110 bps YoY and +80 bps QoQ, to be at 38.3% in Q1’20, where consumers chose to stay with the trusted brand. - Q1’20 Gross margin expanded to 35.4% (+60 bps YoY and +40 bps QoQ), due to

First 9 months of 2016 Rental and services income 2,331 1,871 Cost 1,753 1,361 Gross profit 578 510 Gross profit margin 24.8% 27.3% 6. In the first nine months of 2017, details of share of profit from

% Share of loss of investments in associates (0.40) (4.43) (4.04) 1021.53% (2.01) (12.08) (10.08) 501.93% Finance costs (0.08) (0.13) (0.04) 47.96% (0.22) (0.34) (0.12) 55.67% Profit before income tax

% Normalized Net Profit/4 226.3* 457.1 102.0% 1,140.2* 1,720.9 50.9% /1 Including other income and share of profit from investments in associates and JVs /2 Gross profit including share of profit from

67% EBITDA 58 83 43% 172 306 78% Net Profit (Loss) for the Company 13 36 177% 4 118 2,850% Gross Profit Margin (%) 59.6% 62.9% 3.3% 57.3% 63.1% 5.8% EBITDA Margin1 (%) 30.1% 30.9% 0.8% 27.4% 32.1% 4.7

result The Company’s operating result for the year 2019, revenue from sales increase from last year by 16.7%. Gross profit margin is equal to 46.6%, whereby net profit for the year is equal to Baht 262.21

THB 23.1 million from 2018. The company’s profit for the year was THB 48.6 million, increased by THB 27.5 million, and its profit margin for the year was increased 130.6% from 2018. The main reasons for

to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director 2017 2016 Gross profit margin 20.6% 13.5% Net profit margin 11.6% 7.1% Debt to Equity ratio 0.11 0.15 Earnings per share