% NPAT from financial statements (excl. NCI) 3131 175 -44.2% Gross profit margin 59.1% 58.2% EBITDA margin 70.6% 41.3% NPAT from operation margin (excl. NCI ) 29.9% 22.5% NPAT from financial statements

% Interest expenses 6 23 25 9.1% 288.6% Tax 51 55 83 52.6% 62.7% Net profit2 194 175 202 15.4% 4.1% Adjusted net profit3 207 192 228 19.0% 10.3% Gross profit margin 58.9% 58.2% 60.4% EBITDA margin 40.4% 41.4

gross profit margin of various product groups which are weaker due to the higher production cost per unit from lowest production volume together with the demand decreased and the intense competition. In

Profit Margin (GPM)  In 2019, gross profit from sales of real estate was THB 835.5mn,  increased from THB 740.1mn in 2018. GPM this year also improved to 27.3% from 25.2% in 2018. That was mainly due to

EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton) 854

812 EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton

-scale projects have relatively low gross profit margin due to the high competition. Those can be shown from the increased rate of cost of sales and services higher than the increased rate of revenue. In

in sales from the restaurant business while still having other fixed costs of sales (kitchen area), such as staff, rent, utilities and depreciation. The gross profit margin decreased from 47.4% in 2019

% ตน้ทุนการให้บรกิาร 387.7 378.2 9.5 2.5% Gross Profit 611.8 588.0 23.8 4.0% Gross Profit Margin 61.2% 60.9% ค่าใชจ่้ายในการบรหิาร 148.3 131.2 17.1 13.0% ค่าใชจ่้ายรวม 536.0 509.4 26.6 5.2% EBIT 495.3

were the increasing rate of change in the same direction and the similar rate. This is because the overall gross profit margin of the project which delivered in each quarter was not significantly