in Q2/2017. (Unit: Thousand Baht) Revenues Gross Profit Selling Admin Net(loss) profit Q2/17 222,225 80,232 19,957 22,698 (293,091)*** Q2/18 221,202 78,238 21,637 19,916 35,335 Change -1,023 -1,994

1,935.37 1,900.75 Selling & Administrative Expense 127.87 130.49 Gain(loss) on machinery and equipment disposal (12.87) - Finance Costs 21.34 23.25 Net Profit (10.11) 125.97 Earnings per share (Baht) (0.025

/2018 show THB 4.66 million while it was THB 13.38 million in Q2/2017. This came from the THB 9.14-million profit from selling of the Column Property Fund in 2017. ▪ A decreasing administrative expense in

Stock Exchange of Thailand For the Q3/2018 period ended of September 30, 2018 (3 months) operating result of the company net profit Baht 4.79 Million comparison with the previous Q3/2017’s net loss of

Company had total revenues of Baht 2,432.43 million. Cost of sales was Baht 2,122.18 million (87.25% of sales). Operating result Net profit 37.55 Cost of sales was Baht 1,902.36 million (83.77% of sales

on disposal of investment in project whereas no such the item in this quarter. ▪ A decreasing Share of Profit (Loss) of Associates and Joint Venture in Q3/2018, compared with those in the same period

writer Ref. No. 158/2562 November 13, 2019 SUBJECT : Management Discussion and Analysis ending September 30, 2019 ATTN : The President Stock Exchange of Thailand The Company realized profit for the

929,354 (18,647) (2.01%) Gross profit margin 315,647 325,527 (9,880) (3.04%) Selling Expenses 91,735 88,001 3,734 4.24%) Admin Expenses 89,134 79,800 9,334 11.70%) Net profit 106,678 128,745 (22,067) (17.14

81.8% to 91.5% that was higher ratio than the increase of selling price. As a result, the company had profit for the period at Baht 9.2 million, a decrease of 80.7 million Baht or 89.8% from the same

Company Limited and its subsidiaries (hereafter referred to as the “Company”) would like to clarify the Company’s operating results of the quarter 1/2020 ended March 31, 2020. The Company had the net profit