profit was Bt184.59mn, an decrease from 2Q17 which was Bt194.24mn. Gross profit margin was 21.8% of total revenues from core business, a decrease of 25.3% in 2Q17, due to the increase of depreciation cost

control. Profit 1) Gross profit was Bt183.8 1mn, an increase from 1Q17 which was Bt179 .19mn. Gross profit margin was 21.8% of total revenues from core business, a decrease of 25.1% in 1Q17, due to the

9M19, 43% drop from 9M18 and THB 41m in 3Q19, 65% declined from 3Q18, due mainly to the decrease in revenue from business management service. Page 6 of 8 Singha Estate Public Company Limited Management

increase of Bt571mn from 2016. Gross profit margin was 23.6% of total revenues from core business, a decrease of 25.4% in 2016 due to the increasing of money transfer transaction which is an added service to

in 2019, 57% dropped from 2018, due mainly to the decrease in revenue from business management service. Revenue from sales of goods Revenue from selling residue precast produced by Nirvana daii PLC

enterprise solution business. The Group’s profit for 2019 amounted to Baht 331 million, which was decreased by Baht 195 million or an decrease of 37% compared to the profit for 2018 amounting to Baht 526

profit from related technology business, and lower selling and administrative expenses, resulting in an overall increase in the Group’s net profit. Analysis of revenues 2018 2017 Increase (decrease

) Real Estate Business For the year 2019, sale of real estate business was THB 3,936.77 million, a decrease of THB 216.16 million or 5.2% when comparing to the previous year. This year, the Company firstly

Financial Position For Year End + (-) 6 | MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2020 • Decrease in Liabilities from Power Plant business in the total amount of THB 429.63 million resulting from

June 2 0 1 9 , revenues from hotel business has a slightly decrease compared to the same period of last year. This is mainly due to the reduced number of guests from Wholesale FIT and MICE which also