decrease of THB 3.6 Mn or 21.1%. This decrease was mainly due to a decrease in royalty and marketing fee income of franchise branches which had lower revenue from epidemic situation of COVID-19 and temporary
(loss) from associates and JV (26) 159 (185) -116.4% Net profit attributable to equity holders 216 397 (181) -45.6% Total revenues in Q1 2019 were slightly lower than last year, primarily due to lower
business and the lower administrative expenses. As a result, overall the profit of the Group was increased. Analysis of revenues Q3’ 2018 Q3’ 2017 Increase (decrease) Million Baht % Million Baht % Million
Debt to Equity improved from 0.25 to 0.18 times as a result of lower debt and lower equity. Shareholders' Equity As of December 31, 2019, Shareholders' Equity totaled Bt11,762 million, a decrease of
quarter of 2017 showing a decrease of Baht 4.76 million or representing 7.46 % decrease since there have been only 6 ongoing projects whereas a subsidiary had 1 additional ongoing project with its contract
million, a decrease of Baht 9.63 million or down by 6.04% due to the lower depreciation expense, which included the impact of adopting the Financial Reporting Standard No.16, as well as the lower utility
%, together with lower selling and administrative expenses. The cost of sales for the first half of the year 2020 was 14.35 million baht, a decrease of 16.51% from the same period of the previous year due to
business, decreasing 5.3% YoY partly due to a decrease of revenue offset by the lower of the Company’s cost. 2) Service & administrative expenses in FY2019 was Bt224.80mn, representing 7.1% of total revenues
value. Business Operating Results and Profitability Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2017 2016 Amount % Total Revenues 614.82 611.14 3.68 0.60